Outside the Region: Heiss of Largo secures $54.75 million for two N.J. industrial buildings

Wharton, NJ Kevin Heiss, managing director of Largo's Canadian operations, secured $54.75 million in financing for two industrial buildings. The subject totals over 1.5 million s/f and has been 100% occupied for the last ten years. It is situated near I-80 and 287 and offers access to the surrounding commercial hubs.

Heiss arranged a 10-year, fixed rate permanent first mortgage with five-years interest only, followed by a 30-year amortization.