Regions  Northeast | New Jersey
Hartz Mountain Gets $19M Refi for Secaucus Complex
Jun 29, 2009

Hartz Mountain Associates has secured a $19 million mortgage refinancing loan for a 197,400-square-foot office/warehouse property in Secaucus, N.J. James Gunning and Donna Falzarano of CB Richard Ellis Inc.’s capital markets debt & equity group secured the financing on behalf of Hartz Mountain, while a New England-based commercial bank funded the five-year fixed-rate loan. Originally built in 1973, the building has undergone significant upgrades and currently boasts features such as two video production studios, 18 loading docks and high-tech broadcasting satellites. Major League Baseball has a long-term lease and occupies 142,000 square feet of space, which consists of studio and production areas.

 
Recent New Jersey Headlines
Hartz Mountain Leases Out 116,000 SF in New Jersey
May 27, 2009
Hartz Mountain Industries has agreed to a lease deal with Breeze-Eastern Corp., a publicly-traded designer of lifting devices for military and civilian aircraft.
New Owner of Atlantic City's Tropicana Somewhat of a Surprise
Jun 16, 2009
Tropicana Atlantic City Casino & Resort is set to come under new ownership, just over one year after owner Tropicana Entertainment L.L.C. filed for Chapter 11 protection. But it's not a big-name gaming company that will take over the property's reigns. The United States Bankruptcy Court in Camden, N.J., has green-lighted a "stalking horse" asset purchase agreement calling for pre-petition lenders--a group that includes billionaire investor Carl Icahn's Icahn Capital--to take hold of the asset in return for forgiving $200 million of debt owed by Tropicana.
Hartz Mountain Gets $19M Refi for Secaucus Complex
Jun 29, 2009
Hartz Mountain Associates has secured a $19 million mortgagerefinancing loan for a 197,400-square-foot office/warehouse property in Secaucus, N.J.
KABR Fund Takes 235,000-SF New Jersey Office
Jun 03, 2009
Newly-formed value-added real estate fund KABR Real Estate Investment Partners L.L.C. has purchased a 235,000-square-foot office building at 85 Challenger Road in Ridgefield Park, N.J., from AIG.
New Owner of Atlantic City's Tropicana Somewhat of a Surprise
Jun 16, 2009
Tropicana Atlantic City Casino & Resort is set to come under new ownership, just over one year after owner Tropicana Entertainment L.L.C. filed for Chapter 11 protection. But it's not a big-name gaming company that will take over the property's reigns. The United States Bankruptcy Court in Camden, N.J., has green-lighted a "stalking horse" asset purchase agreement calling for pre-petition lenders--a group that includes billionaire investor Carl Icahn's Icahn Capital--to take hold of the asset in return for forgiving $200 million of debt owed by Tropicana.
 
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