CRONHEIM MORTGAGE ARRANGES $31.5 MILLION IN FINANCING

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CLINTON, N.J. — Cronheim Mortgage has arranged $31.5 million in financing for a 268,040-square-foot shopping center in Clinton. The center is anchored by a 122,695-square-foot Wal-Mart, a 59,200-square-foot Shop Rite and a 32,000-square-foot T.J. Maxx. Other tenants for the center include Hollywood Video, H&R Block, Citi Financial, Quiznos, PNC Bank and EB Games. The center is located at Exit 15 along the southeast quadrant of Interstate 78/US Route 22 and Pittstown-Clinton Road. Andrew Stewart and Dev Morris of Cronheim Mortgage arranged the financing for the undisclosed borrower.

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