Hartz Mountain Industries has secured $162 million in financing for a 13-building industrial portfolio totaling 2.67 million square feet in North New Jersey. Holliday Fenoglio Fowler sourced the funding through Hartford Investment Management Company with a 10-year, fixed-rate loan. The 98 percent leased portfolio is located across the state. HFF will service the loan on behalf of the lender. “Hartford Investment Management Company was able to meet the borrower’s required timeline to close the financing, which was very aggressive, and the lender was able to save the borrower significant prepayment costs,” said Thomas Didio, HFF.
