Columbia Bank Provides $5.3M Refinance Loan For Industrial Property In East Hanover, NJ

A loan of $5,325,000 was recently secured for the property located at 44 Deforest Ave in East Hanover, NJ. The property is an industrial asset with a size of 37,999 square feet. The loan was obtained from Columbia Bank to refinance the property.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $5,325,000

Kathy Anderson and Caillin Boles of Progress Capital represented the buyer as brokers in this deal. The landlord of the property is Commerce Park Investors, represented by Roy Pascal.