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JLL secures $46.5M loan to refinance Greenleaf at Howell
NJBIZ STAFF//May 28, 2019//
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JLL Capital Markets announced Tuesday it arranged a $46.5 million loan to refinance Greenleaf at Howell, a Class A retail center.
The firm worked on behalf Sun Equity Partners LLC to place the loan with JPMorgan Chase & Co. for the property at 5313 Route 9 N.
Vice Chairmen Aaron Appel, Jonathan Schwartz and Keith Kurland; Brett Rosenberg, executive vice president; Adam Schwartz, managing director; and Brandon Krupetsky, analyst, led the group handling the debt assignment.
The property is located at the intersection of Route 9 North and Lanes Mill Road. It is anchored by BJ’s Wholesale Club and LA Fitness.
Sun Equity Partners acquired the property in May 2013 and redeveloped the 45.8-acre parcel into a popular shopping center. Sun Equity Partners has built out and leased 200,720 square feet of rentable space in the property.
