Roxville Mall Secures $30M Refinance Loan For Succasunna Power Center By Jackson National Life Insurance Co

This Retail property located in NJ received a loan of $30,000,000 19 days ago. The brokers of the deal were Jon Mikula, Jim Cadranell, and Ryan Carroll

Roxville Associates has secured a $30 million refinancing loan for Roxbury Mall, a 700,000-square-foot power center located at 275-281 State Route 10 in Succasunna, NJ. The property is situated on 57.7 acres and is anchored by ShopRite, with a mix of national and local tenants.

Summary of transaction details

Property Type: Retail
Transaction Amount: $30,000,000
Market: Succasunna
Address: 275-281 State Route 10
Asset Type: Retail
Square Footage: 700,000
Acres: 57.7

JLL Capital Markets facilitated the 10-year fixed-rate loan through Jackson National Life Insurance Company on behalf of Roxville Associates. The financing arrangement was brokered by Jim Cadranell, Jon Mikula, and Ryan Carroll of JLL.

The refinancing of Roxbury Mall will enable Roxville Associates to continue supporting the thriving shopping center and its diverse range of national and local tenants.

View Related

Location
275 Route 10 East
Loan Value
$30,000,000
Asset Type
Retail
Parties
3 Brokers, 1 Agency, 1 Lender

Agents

Ryan Carroll

JLL

Deals13

Financed$ 378,935,000

Jon Mikula

JLL

Deals26

Financed$ 991,885,000

Jim Cadranell

JLL

Deals14

Financed$ 723,100,000

Agency

JLL

Agency

Deals5007

Volume$ 301,581,655,067

Jackson National Life Insurance Company

Lender

Deals1

Volume$ 2,193,720,000

Social

Deal Summary

LOAN IMAGE: Laura Prieskorn, Jim Cadranell, Jon Mikula & Ryan Carroll DATE: 11/16/2023 ADDRESS: 275-281 State Route 10 MARKET: Succasunna ASSET TYPE: Retail ~ SF: 700,000 ~ ACRES: 57.7 LENDER: Jackson National Life Insurance Company (@Jackson_National) - Laura Prieskorn (@Laura_Louene) LANDLORD: Roxville Associates BROKERS: Jim Cadranell, Jon Mikula & Ryan Carroll - JLL (@JLL) LOAN AMOUNT: $30,000,000 LOAN TYPE: Refinance LOAN TERMS: 10-year, fixed-rate NOTE: Roxville Associates secured $30 million in refinancing for Roxbury Mall, a 700,000-square-foot power center in Succasunna, NJ. JLL Capital Markets arranged the 10-year fixed-rate loan through Jackson National Life Insurance Co., supporting the shopping center anchored by ShopRite and featuring diverse national and local tenants. #