RED BANK AND TOMS RIVER, N.J. — Cronheim Mortgage has arranged $5.5 million in financing for a three-property portfolio located in Red Bank. The first property consists of two multi-tenant retail buildings, a single-tenant office building and two office and retail buildings that total 42,182 square feet and are located near the Garden State Parkway in Red Bank. The property’s largest tenant is SCS Red Bank Cinema. The second property is a 12,153-square-foot retail building located at 1726 Route 37 East in Toms River that is leased to Rite Aid. The final property is City Centre Plaza, a 34,668-square-foot retail center located along Water Street in Red Bank. The largest tenant here is also Rite Aid. Cronheim’s Bruce Theuerkauf and Lisa McMahon arranged the loan. The borrower and lender, a well as terms of the loan, were not disclosed.
City Centre Plaza is a 34,669-square-foot retail property located in Red Bank, N.J.
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