Progress Realty Partners Acquires Industrial Property In Whippany, NJ For $5.5M Loan

The industrial property located at 60 South Jefferson Blvd. in Whippany, NJ has been acquired through a loan transaction. The property spans approximately 37,209 square feet and falls under the asset type of Industrial.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,500,000
• Lender: Columbia Bank
• Landlord: Adam Dickert & Dan Salonis - Progress Realty Partners
• Broker: Kathy Anderson - Progress Capital

The loan was facilitated by Columbia Bank for the acquisition of the property. The landlord representatives, Adam Dickert and Dan Salonis from Progress Realty Partners, played a crucial role in the deal. Kathy Anderson, representing Progress Capital, acted as the broker in this transaction.