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.
- Location275 Route 10 East
- Loan Value$30,000,000
- Asset TypeRetail
- Parties3 Brokers, 1 Agency, 1 Lender
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275-281 State Route 10