Courtesy: G.S. Wilcox & Co.
By Joshua Burd
G.S. Wilcox & Co. has completed $6 million in financing for a five-building industrial portfolio in Orange, working on behalf of a private equity firm that owns the properties.
In a news release, G.S. Wilcox said the buildings total just over 115,000 square feet. Most of the properties have 22-foot ceiling heights, the firm said, noting that the owner saw the potential to increase the value of the portfolio.
The properties are located at 119 Hill St., 43 Hickory St., 175 Hill St., and 182 Hill St. in Orange.
The financing was arranged by Gretchen S. Wilcox, president, and Al Raymond, principal, of the Morristown-based mortgage banking firm.
“The adaptable properties are located in close proximity to multiple major thoroughfares and will be a crucial asset in northern New Jersey’s thriving industrial market,” Wilcox said.