Orange, NJ G.S. Wilcox & Co. has completed $6 million in financing for a five-building industrial portfolio. The majority of the properties have 22 ft. ceiling heights and total 115,000 s/f. The financing was arranged by Gretchen Wilcox, president, and Al Raymond, principal.
“The adaptable properties are located in close proximity to multiple major thoroughfares and will be a crucial asset in Northern New Jersey’s thriving industrial 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.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,