Rendering of CubeSmart, 120 West Passaic Avenue, Rochelle Park, NJ
ROCHELLE PARK, NJ—Holliday Fenoglio Fowler arranged $10.3 million construction financing for the development of an 829-unit, class A CubeSmart self-storage facility in the Bergen County community of Rochelle Park, NJ.
The HFF team including managing director Michael Klein and senior managing director Jon Mikula worked on behalf of the borrower, Tulfra Real Estate, to place the four-year, fixed-rate loan with First Bank. CubeSmart will manage daily operations.
The 112,980-square-foot facility will house 829 climate-controlled storage units ranging from 25 to 300 square feet along with office space. The four-story building will be situated on two acres at 120 West Passaic Street approximately 0.2 miles from the intersection of Passaic Street and Rochelle Avenue, 1.1 miles from the Garden State Parkway and 2.6 miles from Interstate 80.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
