Houlihan-Parnes Arranges $17 Million Refinancing for Independence Plaza in Central New Jersey

by Camren Skelton

Hamilton, N.J. — Houlihan-Parnes Realtors has arranged a $17 million refinancing for Independence Plaza, a shopping center in Hamilton.

The center is currently 75 percent occupied with a tenant roster that includes Regal Cinemas, Crunch Fitness, Save-a-lot and Dollar Tree. The property is owned by Samuel Jemal of JJ Operating Inc., which acquired the asset in 2014 for $7 million. Houlihan Parnes secured a fixed-rate loan for the borrower for a term of five years with the option for ownership to extend for an additional five years. The lender was not disclosed.

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