By Joshua Burd
The owner of a two-building, 449,000-square-foot industrial portfolio in South Brunswick has secured nearly $30 million in financing, in a transaction arranged by G.S. Wilcox & Co.
In a news release, the commercial mortgage banking firm said it arranged the debt on behalf of a repeat client. Thrivent Financial for Lutherans is providing the 15-year fixed-rate loans of $16 million and $13.5 million.
President Gretchen Wilcox and Principal Al Raymond completed the assignment for the Morristown-based firm.
“We are pleased to secure this financing on behalf of our client,” Wilcox said in a prepared statement. “The 8A industrial submarket remains competitive with sub-3 percent vacancy.”