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New York & Tri-State  + Tri-State  + Industrial  | 

HFF Lines Up Permanent Financing for Meadowlands Industrial

HFF has arranged the $36.72-million permanent financing from Allianz Real Estate of America for a newly constructed, two-building industrial facility totaling 240,317 square feet at One County Rd. in Secaucus, NJ. The HFF team worked on behalf of the borrower, Bhasin Properties, to place the 15-year, fixed-rate loan, which takes out existing construction debt that was also arranged by HFF.

The HFF debt placement team representing the borrower included senior managing director Jon Mikula.

“One County Road is an example of the tremendous demand for industrial space in the Meadowlands,” Mikula said. “Over the course of the lease-up, rents grew almost 30%.” The property was completed earlier this year.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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