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NorthMarq Capital Finalizes $16M Refinance for Wallington Plaza in New Jersey

Wallington-NJ

The 92,823-square-foot Wallington Plaza is anchored by ShopRite Supermarket.

WALLINGTON, N.J. — NorthMarq Capital has arranged $16 million in refinancing for Wallington Plaza, a retail property located at 375 Paterson Ave. in Wallington. ShopRite Supermarket is the major tenant at the 92,823-square-foot retail property. Robert Ranieri of NorthMarq Capital arranged the ground-lease financing, which features a seven-year term and 30-year amortization schedule, through a regional bank. The borrower was not released.

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