Real Estate Weekly
Image default
Debt & Equity

HFF arranges $15M construction financing for self storage facility

Holliday Fenoglio Fowler arranged $15.65 million construction financing for the development of Hillside CubeSmart, a 1,203-unit, self storage facility in Hillside, New Jersey.

HFF worked on behalf of Quinlan Development Group to place the loan with Bank OZK. CubeSmart, one of the nation’s top operators of self storage facilities in the U.S., has been brought on to lease and manage the property, which is located at 591 North Union Avenue immediately off of the Garden State Parkway,

Hillside CubeSmart will feature 1,162 climate-controlled and 41 non-climate-controlled drive-up units.

The HFF debt placement team consisted of senior director Geoff Goldstein, managing director Michael Klein and senior managing director Jay Marshall.

(Visited 1 times, 1 visits today)

Related posts

Broadstone trims fat with management merger


Hunger for yield driving big gains in net lease sector


CHC bags hotel refiʼ