Stro, KRE refinance Clifton industrial property for $42M

The Stro Cos. and Kushner Real Estate Group have secured $42 million in refinancing for an industrial property in Clifton, they announced this week.

The building at 174 Delawanna Ave. is a 220,000-square-foot, Class A industrial distribution cold storage facility leased to Weee!, an online grocery startup. The owners secured a 10-year fixed loan with Capital One for it, they said.

“We are pleased to have consummated this transaction with Capital One,” Jack Shulman, Stro’s director of acquisitions and capital markets, said in a prepared statement. “They were able to execute quickly on this transaction and made the entire process seamless.”