ArrowMark Partners Provides $76M Loan For School In Hopewell, N.J

The school located at 311 Pennington Rocky Hill Road in Hopewell, NJ has recently undergone a closed transaction. The property spans across 1,110,000 square feet and sits on a sprawling 433-acre lot. It is situated in the Hopewell market, contributing to the local real estate landscape.

Summary of transaction details

• Property Type: School
• Transaction Amount: $76,000,000
• Address: 311 Pennington Rocky Hill Road, Hopewell, NJ
• Market: Hopewell, NJ
• Loan Amount: $76,000,000
• SF: 1,110,000
• Acres: 433

The loan for the transaction was provided by ArrowMark Partners. The landlord involved in the deal includes H.I.G. Realty Partners and Lincoln Equities Group, with Joel Bergstein representing them. Newmark served as the brokerage agency, with Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Chris Kramer, and Don Pavlov representing and facilitating the transaction.