Robert C. Baker Of National Realty And Development Corp. Secures $13M Loan For Kohl’s Plaza In Holmdel

The property involved in this transaction is Kohl’s Plaza, a retail shopping center located at 2145 Route 35 in Holmdel, New Jersey. The asset spans 184,063 square feet and is fully leased, featuring a variety of retailers and service operators.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,000,000
• Loan Terms: 10-year, 30-year amortization
• Landlord: Robert C. Baker - National Realty and Development Corp.
• Broker: Andrew Stewart - Cronheim Mortgage

Cronheim Mortgage arranged the permanent loan for National Realty & Development Corp., facilitating financing backed by life insurance for the shopping center, which includes tenants like Ocean State Job Lot, Wells Fargo, and 7-Eleven.