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

275 Route 10 East & 281 State Route 10

$30,000,000

$21/SF

Building Size

700,000 SF

Asset Type

Retail

Closing

Nov 16, 2023

AI

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.

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