Sun Equity Partners has secured a $46.5m loan to refinance a retail center in Howell, New Jersey. The 200,720 sq ft asset is anchored by BJ’s Wholesale Club and LA Fitness. Sun Equity bought the land in May 2013 and redeveloped the 45.8-acre parcel into the Greenleaf at Howell strip mall. JLL Capital Markets worked on behalf of the borrower to source the funding with JPMorgan Chase & Co. Sun Equity currently owns and manages a portfolio exceeding 10 million sq ft across the US.
