SECAUCUS, NJ—Hartz Mountain Industries has refinanced a 13-building, 2.67 million square foot industrial portfolio in North New Jersey. Holliday Fenoglio Fowler arranged the $162 million, 10-year, fixed-rate loan through Hartford Investment Management Company. HFF is servicing the loan.
The 98-percent-leased buildings are in Secaucus, Whippany, East Hanover, Bayonne, Hasbrouck Heights, Harrison and North Bergen, but HFF and Hartz Mountain declined to provide specific addresses.
The portfolio also includes one industrial spec building currently being constructed in Linden. About six percent of the square footage is devoted to office space.
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