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ELIZABETH AND ROSELLE, N.J. — Locally based financial intermediary Cronheim Mortgage has arranged $13.1 million in financing for two shopping centers totaling roughly 99,500 square feet in Northern New Jersey. Color Plaza, a 49,309-square-foot asset in Elizabeth, was approximately 95 percent leased to 12 tenants at the time of the loan closing. Roselle Commons was built in 2004 and is fully leased to 18 tenants, including Pep Boys, Green Grocer, Quest Diagnostics, GNC and T-Mobile. Andrew Stewart, Dev Morris and Allison Villamagna of Cronheim Mortgage originated the financing on behalf of the borrower, New Jersey-based Color Management. The direct lender was not disclosed.