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Holmdel, N.J. — Cronheim Mortgage has arranged a $13 million permanent loan for the financing of Kohl’s Plaza, a 184,063-square-foot neighborhood center located in the northern New Jersey community of Holmdel. Dev Morris, Allison Villamagna and Andrew Stewart of Cronheim Mortgage secured the 10-year loan through a life insurance company on behalf of the borrower, National Realty & Development Corp. The loan features a 30-year amortization schedule.
Tenants at Kohl’s Plaza, which is now fully leased, include Ocean State Job Lot, Wells Fargo, Bella Dental, Hand & Stone Massage and Facial Spa, 7-Eleven, Jersey Mike’s, Golf Cave and Tropical Smoothie Café.