JLL arranges $14.1 financing for Springfield Plaza in Northern New Jersey
United States, Oct. 19 -- JLL Capital Markets announced today that it arranged $14.1 million of acquisition financing for Springfield Plaza, a 72,120-square-foot retail center located at 271-275 U.S. Route 22 East in Springfield, New Jersey.JLL worked on behalf of the borrower, Adoni Property Group, to secure a fixed rate loan through a regional bank.Developed in 1980, Springfield Plaza is a 97%-leased neighborhood retail center situated on approximately seven acres and comprised of three buildings with 313 surface parking spaces. The property is 97% leased to 17 national and regional tenants, diversified across food and beverage, education and enrichment, government services, recreation and specialty retail uses.The property benefits from ...
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