Walters Group Secures $20.5M Refinance For Stafford Park Retail Center In Stafford Township

The transaction involved a retail asset located at 215 Stafford Park Boulevard in Stafford Township, comprising 140,893 square feet. The property is a fully leased open-air shopping center built in 2007, anchored by major tenants such as Dick’s, Best Buy, PetSmart, and Ulta, with shadow anchors including Costco and Target. It benefits from significant visibility from the Garden State Parkway at Exit 63 and attracts over 4 million annual visits.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $20,500,000
• Loan Type: Refinance
• Loan Terms: five-year, fixed-rate
• Landlord: Walters Group
• Brokers: Jim Cadranell, Ryan Carroll & Christian Badalamenti - JLL

JLL Capital Markets played a crucial role in arranging the refinancing deal for the property on behalf of the borrower, Walters Group, ensuring favorable terms for the financial transaction.