FLORHAM PARK, NJ—Holliday Fenoglio Fowler secured $73 million in financing for Vermella Harrison, a 398-unit, class A, mid-rise multi-housing community in Harrison, NJ.
HFF worked exclusively on behalf of the borrower, Russo Development, to place the 10-year, fixed-rate loan through John Hancock Real Estate Finance Group.
Vermella Harrison is located at 1100 Frank E. Rodgers Boulevard South in Harrison's waterfront redevelopment area, also known as the Riverbend District. Situated on a three-acre site, the transit-oriented property is 800 feet from the Harrison PATH station, approximately six miles north of Newark Liberty International Airport and convenient to Interstates 280, 78 and 95 providing access around northern New Jersey and into Manhattan.
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