Traded: New Jersey’s Post

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LOAN Learn More: https://lnkd.in/e9_VKAkz IMAGE: Albert Fitch & Steven M. DATE: 07/12/2024 ADDRESS: 415 Paterson-Hamburg Turnpike MARKET: Wayne ASSET TYPE: Industrial ~ SF: 353,000 LENDER: Truist LANDLORD: Albert Fitch & Steven Millstein - The STRO Companies LOAN AMOUNT: $25,000,000 LOAN TYPE: Refinance NOTE FROM LANDLORD: 415 Hamburg Turnpike is a last mile industrial facility comprised of over 353,000 square feet in Wayne, NJ. The asset provides excellent connectivity to local suburban markets, New York City and the Ports of Newark, providing tremendous value to their tenants. The property has continued to remain fully leased throughout STRO’s ownership. “We are thrilled to have completed this transaction with Truist.” said Albert Fitch, STRO’s Managing Director of Acquisitions and Capital Markets. “We are eager to continue purchasing more industrial warehouses in Northern New Jersey and the Southeast Region of the United States. We have a considerable amount of capital to deploy and are interested in core+, value-add, and opportunistic acquisitions,” said Fitch. #NewJersey #RealEstate #TradedNJ #TradedPartner #Wayne #Industrial #AlbertFitch #StevenMillstein #TheSTROCompanies #Truist

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David A. Lewis, Jr.

Executive Director | Client Manager at JPMorgan Chase - Commercial Term Lending (CTL) Group

1mo

Congratulations

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Jessica Mizrahi, SIOR

Principal, Founder Lee & Associates | Tampa Bay | Industrial Commercial Real Estate in Central Florida / Tampa / Lakeland / Ocala / Sarasota

1mo

Congrats Albert Fitch and teams!!

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