THG Properties Acquires Multifamily Properties In Mahwah, Short Hills, And Westwood, NJ For $44.4M

The multifamily property located at 405 Franklin Turnpike, 80 Woodland Road, and 27-55 Green Street in Mahwah, Short Hills, and Westwood, NJ, has been involved in a recent loan transaction. The property encompasses a total of 175 units and spans across 9.8 acres.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $44,400,000
• Lender: Arbor Commercial Mortgage
• Landlord: THG Properties
• Broker: Brad Domenico - Progress Capital
• Sale Broker: Nat Gambuzza - CBRE
• Loan Type: Acquisition

The loan amount for this acquisition stands at $44,400,000. The lender involved in this transaction is Arbor Commercial Mortgage. The property's landlord, overseeing the asset, is THG Properties. Brad Domenico from Progress Capital acted as the broker in this deal. Additionally, Nat Gambuzza from CBRE represented the seller in the sale.