News Outside the Region: G.S. Wilcox arranges $19m for class A office building in Morristown

June 20, 2017 - Front Section

Morristown, NJ According to G.S. Wilcox & Co., it has arranged a $19 million loan for the class A office building, 1776 On the Green. The multi-tenant office building stands at ten stories and has a total of 145,358 s/f of rentable space with an additional 1,136 s/f of storage space. 1776 On the Green is located on 67 Park Pl., and is 79% leased. 

The Morristown-based mortgage banker secured the financing over a 10-year term from Mutual of Omaha, a corresponding life insurance company lender of the firm. Gretchen Wilcox, president; Al Raymond, principal; and Wesley Wilcox, senior associate, handled the transaction.

“G.S. Wilcox & Co. is excited to have secured a loan for Vision Real Estate Partners. 1776 On the Green is an integral asset that will play a positive role in furthering Morristown’s rapidly expanding Downtown market.” Wilcox said.

Founded in 1994 by Gretchen Wilcox, G.S. Wilcox & Co. is a leader in the commercial real estate investment banking industry providing debt and equity solutions to developers, real estate private equity firms, institutional investors, and other owners of commercial real estate.

More from the New York Real Estate Journal