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CB RICHARD ELLIS ARRANGES $16.5 MILLION IN RETAIL FINANCING

Posted on by in Northeast, Retail

SOUTH BRUNSWICK, N.J. — CB Richard Ellis (CBRE) Capital Markets Group has arranged $16.5 million in financing for a Heritage Square Shopping Center in South Brunswick. The new 80,509-square-foot center contains three buildings and is fully leased to Target, Best Buy, Staples and Petsmart. The center is located at Route 1 and Stouts Lane. James Gunning and Donna Falzarano of CBRE arranged the financing for the borrower, The Morris Companies. Northwestern Mutual Life funded the loan.

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