New Vernon Equities' Industrial Property In East Hanover Receives $15M Permanent Loan

A permanent loan of $15,000,000 has been secured for a industrial property located at 30 Farinella Drive in East Hanover. The property, with a total square footage of 75,500 and situated on 11.25 acres of land, has successfully obtained this long-term fixed-rate financing.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $15,000,000
• Address: 30 Farinella Drive
• Market: East Hanover
• Square Footage: 75,500
• Acres: 11.25

New Vernon Equities serves as the landlord for this transaction. The deal was facilitated by Matthew Pizzolato and Ryan Carroll from JLL Capital Markets who represented the buyer and seller in the negotiation process.