Stro Cos. refinance $27.8M in industrial properties with Kearny Bank

The Stro Cos. has successfully refinanced five industrial properties in northern New Jersey with Kearny Bank, it announced this week.

The $27.8 million in transactions included:

  • 1110 Springfield Road, Linden;
  • 235 and 245 Pegasus Ave., Northvale;
  • 370 North St., Teterboro;
  • 500 W. Main St., Wyckoff.

The five properties total approximately 340,000 square feet.

“We are thrilled to have consummated these refinances with Kearny Bank,” Jack Shulman, director of leasing, acquisitions and capital markets, said in a prepared statement. “Despite the obvious setbacks associated with COVID-19, Kearny was able to swiftly execute on these transactions and were very competitive on pricing.”

Shulman said his company worked with Kearny’s Gary Brozowski on the transactions.