FINANCED
G.S. Wilcox & Co. Secures $16M Refinance Loan For Flemington Shopping Center Anchored By ShopRite
272 US Hwy 202/31 North
Retail
170,000 SF
170,000 SF
Financed 185 days ago
Summary
Loan
NEW JERSEY
Retail
170,000 sqft
G.S. Wilcox & Co. has secured $16 million in financing for a retail property in Flemington. The property, located at 272 US Hwy 202/31 North, has a total area of 170,000 square feet and is situated in a high-visibility area along Route 202 in Hunterdon County. It is anchored by ShopRite and is currently 100% occupied.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,000,000
- Address: 272 US Hwy 202/31 North
- Market: Flemington
- Loan Type: Refinance
- Loan Terms: 10-year term and 25-year amortization with flexible prepayment
The loan, provided by an undisclosed life insurance company, offers flexible terms to the property owner. This financing supports the retail property's stability and success as it continues to operate at full occupancy. Al Raymond and Wesley Wilcox from G.S. Wilcox & Co. represented the borrower in securing this loan.
Players
Details
FINANCED
IMAGE: Al Raymond & Wesley Wilcox
DATE: 11/07/2023
ADDRESS: 272 US Hwy 202/31 North
MARKET: Flemington
ASSET TYPE: Retail ~ SF: 170,000
BROKERS: Al Raymond & Wesley Wilcox - G.S. Wilcox & Co.
LOAN AMOUNT: $16,000,000
LOAN TYPE: Refinance
LOAN TERMS: 10-year term and 25-year amortization with flexible prepayment
NOTE: G.S. Wilcox & Co. has secured $16 million in financing for a Flemington shopping center anchored by ShopRite. The loan, provided by an undisclosed life insurance company, has flexible terms and supports this 100% occupied, high-visibility property along Route 202 in Hunterdon County.View on map
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Address272 US Hwy 202/31 North
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