July 16, 2015

NorthMarq Capital finalizes $16 million refinance of Wallington Plaza in Wallington, New Jersey

Wallington Plaza

Debt & Equity

Multi-Tenant

GREATER WESTCHESTER NY/CT (July 13, 2015) – Robert W. Ranieri, senior vice president/managing director of NorthMarq Capital’s Greater Westchester NY/CT based regional office arranged the $16 million refinance of Wallington Plaza, a 92,823 square foot retail property located at 375 Paterson Avenue in Wallington, New Jersey. The transaction was structured with a 7-year term and 30-year amortization schedule. NorthMarq arranged ground-lease financing for the borrower through its relationship with a regional bank. Shoprite Supermarket represents the property’s major tenant. “The bank delivered an excellent quote based on a 25 year ground lease to a newly opened Shoprite,” said Ranieri.

Available Retail (MT) properties

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.