Progress Capital Arranges $4.9M Acquisition Loan For Retail Property In East Hanover, NJ | 416 New Jersey Highway 10 | Jack Subers, Brad Domenico | Retail | Loan

Summary

Loan

NEW JERSEY

Retail

37,000 sqft

The retail property located at 416 New Jersey Highway 10 in East Hanover, NJ has been acquired in a closed transaction. With a total square footage of 37,000, the property is situated in a prominent market.

Summary of transaction details

Property Type: Retail
Transaction Amount: $4,900,000
Address: 416 New Jersey Highway 10, East Hanover, NJ
Market: East Hanover, NJ
Lender: TD Bank
Landlord: Ken Lebersfeld, Eric Lebersfeld Of Capital Lighting
Brokers: Brad Domenico & Jack Subers - Progress Capital

The deal involved the lender, TD Bank, providing a loan amount of $4,900,000 for the acquisition of the retail property. The landlords, Ken Lebersfeld and Eric Lebersfeld of Capital Lighting, were represented in the transaction. Brad Domenico and Jack Subers from Progress Capital acted as the brokers in this closed transaction.

Players

All
3

Agents
2
Agencies
1

$735.9M Sold

Details

Deal Summary

FINANCED

IMAGE: Brad Domenico & Jack Subers DATE: 03/03/2023 ADDRESS: 416 New Jersey Highway 10 MARKET: East Hanover, NJ ASSET TYPE: Retail ~ SF: 37,000 LENDER: TD Bank (@TDBank_US) LANDLORD: Ken Lebersfeld, Eric Lebersfeld Of Capital Lighting (@CapitolLighting) BROKERS: Brad Domenico (@Domenico317) & Jack Subers (@Jacksubers) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $4,900,000 LOAN TYPE: Acquisition

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Address416 New Jersey Highway 10

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