Iselin, N.J. (November, 2016) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces its Director of Capital Markets has arranged a $25.5 million refinancing of a 122,643-square-foot Parkway Center retail center located at One Ronson Road in Iselin, New Jersey. James lead the refinance for BRM Parkway Center, allowing the borrower to take advantage of a favorable financing environment and refinance the exiting loan locking in a lower, attractive 10-year financing rate .
Parkway Center is spread over 8.67 acres at One Ronson Road in Iselin, NJ and boasts three national tenants; Marshall’s, Bed, Bath & Beyond and DSW Shoe Warehouse. The property is strategically located along Route 1 South providing direct access to the Garden State Parkway. It is also near the Woodbridge Center Mall and Menlo Park Mall, two of New Jersey’s finest retail centers.
This deal is another in a long string of deals for James this year. In addition to his work in New Jersey, he has helped orchestrated sales and refinancings in Arkansas, Texas, California, Connecticut and Kentucky. Ranging in size from 13,000-square-feet to over 300,000-square-feet, James has shown his adaptability and expertise in the commercial real estate field.
“NAI Hanson would not be able to maintain our high volume of business without employees like Greg who are instrumental to that success,” said Bill Hanson, SIOR, President of NAI Hanson. “His integrity, innovation and commitment to our capital partners and customers has allowed us to maintain relationships with the best financial institutions to offer our clients superior service and value.”
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About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with 400 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.