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Real Estate & Development

HFF arranges $15.7M loan for self-storage project

By Rich Pizzutillo

A rendering of the planned Hillside CubeSmart, 591 N. Union Ave., Hillside. - Holliday Fenoglio Fowler L.P.

Holliday Fenoglio Fowler L.P. has arranged a $15.65 million construction loan for a planned self-storage facility in Hillside, the real estate firm announced Wednesday.

Quinlan Development Group is building Hillside CubeSmart, a 1,203-unit branded facility at 591 N. Union Ave. CubeSmart, a top national firm, will lease and manage the property.

HFF placed the loan with Bank OZK. A debt placement team representing the borrower included Geoff Goldstein, senior director; Michael Klein, managing director; and Jay Marshall, senior managing director.

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Rich Pizzutillo
rpizzutillo@marketsmithinc.com

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