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Retail

Permanent Loan - Refinance

  • $25,900,000
  • 109,174 sf Grocery Anchored Retail Plaza
  • Somerset, NJ

Axiom Capital Corporation announces the closing of a $25,900,000 loan for the refinance of a 109,174 SF grocery anchored shopping center in Somerset, New Jersey. Ideally situated in the heart of Somerset’s primary retail corridor, this property consists of four buildings – a standalone ShopRite grocery store, two retail strip buildings, and a Wells Fargo bank branch. The property maintains a stable occupancy in a growing suburban market with strong access to major employment opportunities.