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Deals & Dealmakers

NAI closes $25.5M Parkway Center refi in New Jersey

NAI James E. Hanson, a New Jersey-based full-service independent commercial real estate firm, has arranged a $25.5 million refinancing.

Photo courtesy of Flickr
Photo courtesy of Flickr

Greg James, the firm’s Director of Capital Markets worked the deal for the 122,643 s/f Parkway Center at One Ronson Road in Iselin, New Jersey.

Hanson lead the refinance for BRM Parkway Center, allowing the borrower to take advantage of a favorable financing environment and refinance the exiting loan locking in a lower, attractive 10-year financing rate .

Parkway Center is spread over 8.67 acres at One Ronson Road in Iselin, NJ and boasts three national tenants; Marshall’s, Bed, Bath & Beyond and DSW Shoe Warehouse.

The property is strategically located along Route 1 South providing direct access to the Garden State Parkway. It is also near the Woodbridge Center Mall and Menlo Park Mall, two of New Jersey’s finest retail centers.

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