HFF Secures $18.7 Million Acquisition Financing for Retail Center in North New Jersey

by Katie Sloan

Wayne, N.J. — HFF has secured $18.7 million in acquisition financing for West Belt Plaza, a retail center located 20 miles from Midtown Manhattan in Wayne, New Jersey.

Jon Mikula and Jim Cadranell of HFF secured the 10-year, fixed-rate loan through a life insurance company on behalf of the borrower, The Klein Group. The 84,202-square-foot center is home to tenants including PetSmart, HomeGoods, Fidelity Brokerage and Starbucks Coffee.

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