CRONHEIM MORTGAGE ARRANGES $18,900,000 IN FINANCING
FOR RETAIL CENTER IN HACKETTSTOWN, NJ
NJ – Andrew Stewart and Lisa McMahon of David Cronheim Mortgage Corporation
have secured financing of $18,900,000 for Mansfield Commons, a 271,979
square foot shopping center in Hackettstown, Warren County, NJ. Cronheim
acts as servicer and correspondent for the 11-year financing.
subject property is anchored by a 123,519 square foot Wal-Mart and a 88,830
square foot Kohl’s department store. The property is located on Route 57, a
highly trafficked retail corridor home to major retailers such as Home
Depot, Lowes, Walgreen’s, ShopRite, and Marshalls. State Route 46, a major
local and suburban east-west roadway that intersects with Route 57
approximately 2.5 miles north of the Subject, provides access to
Hackettstown from Interstate 80.
The subject is located in the central section of Warren County, New Jersey.
Warren County has been one of the faster growing counties in New Jersey,
with a 7.0% population increase between 2000 and 2009. This rate of growth
is double the State of New Jersey, which increased by 3.5% during the same