According to the New Jersey office of Holliday Fenoglio Fowler, L.P. (HFF) it has arranged a $2.1 million refinancing for a free-standing Duane Reade pharmacy.
Working exclusively on behalf of The Hampshire Cos., HFF senior managing director Jon Mikula and associate director Michael Klein placed the fixed-rate loan with Intervest National Bank.
The Duane Reade pharmacy is located at 180 McLean Ave. close to the Saw Mill River Pwy. and Rte. 9A, north of New York City. Completed in 2004, the property is 100% leased to Duane Reade with 12 years remaining on a 15-year lease.
The Hampshire Cos., a full-service, private real estate investment firm with equity in assets valued at over $2 billion, targets the development or purchase, and operation of investment-grade neighborhood supermarket-anchored centers, single-tenant retail facilities, warehouse/distribution facilities, office buildings and self storage facilities located in the mid-atlantic and northeast regions of the U.S. The company currently operates a diversified national portfolio of properties totaling more than 20 million s/f with $1 billion of equity under management.
HFF operates out of 17 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales and commercial loan servicing. Tags: