G.S. Wilcox & Co. arranges $60 million financing for 560,000 s/f Watchung Square

Watchung, NJ G.S. Wilcox & Co. has secured $60 million in financing for Watchung Square, a 560,000 s/f retail property. The financing was arranged by Gretchen Wilcox, president and founder, Bridget Wilcox, partner, and Al Raymond, principal, through a correspondent life insurance company lender of the firm.

The center is composed of three retail buildings. The property, whose tenants include Stop & Shop, Walmart, TJ Maxx, Michaels, Ross Dress for Less, Staples, and PetSmart among others and consists of outparcels occupied by Home Depot and Target, was constructed in 1999. The retail center, which is along the Rte. 22 retail corridor, one of the highest-demand areas for retail in New Jersey.

“We are pleased to see the completion of this transaction on behalf of our repeat client. The attractive location and exceptional sponsorship drew strong lender interest, and we are encouraged to see the continued growth for retail investment in the area,” said Wilcox.

G.S. Wilcox & Co. is a leader in the commercial real estate investment banking industry by providing debt and equity solutions to developers, real estate private equity firms, institutional investors, and other owners of commercial real estate. G.S. Wilcox & Co. was founded by Gretchen S. Wilcox in 1994 and remains the only female-founded commercial real estate mortgage banking firm in the United States.