G.S. Wilcox handles $170M-plus in real estate loans

By Eric Strauss
New Jersey | Jan 16, 2019 at 7:00 am

G.S. Wilcox & Co. has closed more than $170 million worth of loans for a variety of apartment and warehouse properties around the state, the Morristown-based real estate finance firm said in a news release this week.

Two apartment transactions totaled $100 million in loans:

  • Vermella West, a 280-unit Russo development in Kearny;
  • The Winston, a 218-unit Petrucci/Mandelbaum project in Lyndhurst.

Five warehouse property deals totaled about $80 million in loans:

  • A 417,000-square-foot property owned by Whitesell in Florence;
  • Three properties totaling about 400,000 square feet owned by Adler Development;
  • A 340,900-square-foot building owned by Forsgate Industrial Parks in South Brunswick;
  • A 128,000-square-foot flex property in Wall Township;
  • A 61,000-square-foot warehouse owned by Hartz Mountain Industries.

Thrivent Financial served as the exclusive correspondent on the loans.

“Thrivent Financial, located in Minneapolis, Minnesota, has a commercial mortgage loan portfolio of $8 billion,” Gretchen S. Wilcox, president of G.S. Wilcox & Co., said in a prepared statement. “We have enjoyed working with their dedicated team for over two decades. Their flexibility and aggressive terms put them in front of the competition on an ongoing basis.”

Eric Strauss | estrauss@roi-nj.com | acerimrat