FINANCED
Roxville Mall Secures $30M Refinance Loan For Succasunna Power Center By Jackson National Life Insurance Co
275-281 State Route 10
Retail
1,400,000 SF
1,400,000 SF
Financed 167 days ago
Summary
Loan
NEW JERSEY
Retail
1,400,000 sqft
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
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.
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Address275-281 State Route 10
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