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.”