HFF Arranges $28.5M Refinancing for Industrial Facility in Northern New Jersey
MOUNT OLIVE, N.J. — HFF has arranged a $28.5 million refinancing for 350 Clark Drive, a three-building industrial warehouse facility in Mount Olive. The 443,030-square-foot facility was originally constructed to house the headquarters of Calvin Klein Cosmetics and is now 97 percent leased to office and industrial tenants. The property features 24- to 30-foot clear heights, 26 loading docks, two drive-in doors and 20,000 square feet of freezer space. HFF represented the borrower, Commercial Realty Group, to place a 10-year, fixed-rate loan with John Hancock Real Estate Finance Group.