G.S. Wilcox & Co. has arranged $29.5 million in financing for a pair of South Brunswick warehouse properties, the real estate services firm announced this week.
The Morristown-based firm said in a news release that it arranged two, 15-year fixed-rate loans for an undisclosed client in the amounts of $16 million and $13.5 million. The loans were arranged by Gretchen S. Wilcox, president, and Albert Raymond, principal, through Thrivent Financial for Lutherans.
The single-tenant warehouses combined for 449,000 square feet of space in the Exit 8A submarket, G.S. Wilcox noted.
“We are pleased to secure this financing on behalf of our client,” Wilcox said in a prepared statement. “The 8A Industrial Submarket remains competitive, with sub-3% vacancy.”