Urban Edge Properties Refinances Retail Property In Paramus, NJ For $290M | 1 Bergen Town Center | Claudia Steeb, Alex Staikos, Scott Aiese | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

1,009,929 sqft

The retail property located at 1 Bergen Town Center in Paramus, NJ has undergone a loan refinance transaction. The property spans approximately 1,009,929 square feet and is owned by Urban Edge Properties. The loan, valued at $290,000,000, was provided by New York Life Insurance Company and MetLife Investment Management.

Summary of transaction details

Property Type: Retail
Transaction Amount: $290,000,000
Address: 1 Bergen Town Center, Paramus, NJ
Market: Paramus, NJ
Lender: New York Life Insurance Company & MetLife Investment Management
Landlord: Urban Edge Properties
Brokers: Scott Aiese, Claudia Steeb & Alex Staikos - JLL

The loan refinance was facilitated by the brokers Scott Aiese, Claudia Steeb, and Alex Staikos from JLL. Their expertise and representation played a crucial role in the successful completion of the deal.

Players

All
4

Agents
3
Agencies
1

$314M Sold

$385M Sold

Details

Deal Summary

FINANCED

IMAGE: Scott Aiese, Claudia Steeb & Alex Staikos DATE: 04/06/2023 ADDRESS: 1 Bergen Town Center MARKET: Paramus, NJ ASSET TYPE: Retail ~ SF: 1,009,929 LENDER: New York Life Insurance Company & MetLife Investment Management LANDLORD: Urban Edge Properties (@UEProperties) BROKERS: Scott Aiese, Claudia Steeb (@Claudia.Steeb) & Alex Staikos (@AStaikos) - JLL (@JLL) LOAN AMOUNT: $290,000,000 LOAN TYPE: Refinance

View on map

Address1 Bergen Town Center

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want