facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
FINANCED
$30,000,000
Ryan Carroll
Jon Mikula
Jim Cadranell

New Jersey

See Similar Deals
Retail1,400,000 SF
Financed 11/16/2023
the dealplayerscompscontact
Property Image
FINANCED

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

275 Route 10 East & 281 State Route 10

See Similar Deals
Retail1,400,000 SF
Financed 11/16/2023
Ryan Carroll
Jon Mikula
Jim Cadranell
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$21
Total Square Footage:1,400,000 SF
Transaction Type:Loan

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.

Players

Jim Cadranell
JLL
Jim Cadranell
33 deals$2.4B volume
BROKER
Jon Mikula
JLL
Jon Mikula
42 deals$1.8B volume(973) 549-2006
BROKER
Ryan Carroll
JLL
Ryan Carroll
25 deals$936.9M volume
BROKER
Jackson National Life Insurance Company
Jackson National Life Insurance Company
LENDER

Details

FINANCED
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. #

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$30,000,000.00

Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00