West-Belt-Plaza-Wayne-NJ

HFF Closes $18.7M in Acquisition Financing for Retail Center in North New Jersey

by Amy Works

WAYNE, N.J. — HFF has arranged $18.7 million in acquisition financing for West Belt Plaza, a retail center located in Wayne. Jon Mikula and Jim Cadranell of HFF secured the 10-year, fixed-rate loan through a life insurance company for the borrower, The Klein Group. Renovated in 2001, the 84,202-square-foot West Belt Plaza is leased to a variety of tenants, including PetSmart, HomeGoods, Fidelity Brokerage and Starbucks Coffee.

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