The Klein Group, Sterling Properties Receive $17.5 Million Refinancing for Shopping Center in Metro New York City

Kings Supermarket anchors Warren Village Shopping Center in the New York City suburb of Warren, New Jersey. Kings Supermarket anchors Warren Village Shopping Center in the New York City suburb of Warren, New Jersey.

Warren, N.J. — The Klein Group and Sterling Properties Group have received a $17.5 million refinancing for Warren Village Shopping Center, a 61,838-square-foot shopping center located roughly 35 miles outside New York City in Warren.

Kings Supermarket anchors the 99.3-percent leased center, which is also home to tenants including Country Squire Restaurant, Peapack-Gladstone Bank, Massage Envy, Remax, European Wax Center, Starbucks Coffee, Edgewood Pharmacy, Impact Martial Arts and The UPS Store. Jon Mikula and Jim Cadranell of HFF secured the 10-year, fixed-rate loan through a life company on behalf of the borrowers. Loan proceeds will be used to refinance existing debt.

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