G.S. Wilcox & Co. Secures $81M for Industrial, Retail Properties

G.S. Wilcox & Co., Morristown, N.J., arranged $80.7 million for six New Jersey and New York properties.

Company President Gretchen Wilcox and Principal Al Raymond originated $11 million secured by a 255,000-square-foot warehouse building in Wayne, N.J. Thrivent Financial, Minneapolis, funded the five-year fixed loan with a 30-year amortization schedule.  

Wilcox, Raymond and Principal David Fryer arranged two loans through Mutual of Omaha for industrial properties in Wayne and Hackensack, N.J. A 354,000-square-foot warehouse in Wayne secures a $14 million loan with a 10-year fixed-rate term and a 20-year amortization schedule and a 40,000-square-foot Hackensack warehouse received $3.1 million.

Thrivent Financial also provided $23.9 million for a 634,000-square-foot warehouse building in South Brunswick, N.J. Wilcox, Raymond and Fryer arranged the 15-year fixed-rate loan, which amortizes over 20 years.

Thrivent also lent $31.5 million for two retail properties in Bohemia, N.Y. on Long Island. A 95,500-square-foot property received $24.8 million and a 42,000-square-foot building received $6.65 million. Each property was secured at a 15-year fixed-rate term and a 30-year amortization.