Dealmaker: Wilcox & Co. Arranges $61M

G.S. Wilcox & Co., Morristown, N.J., arranged $13.5 million to refinance a ShopRite-anchored shopping center in Byram Township, N.J.

Life insurance company Mutual of Omaha, Omaha, Neb., provided the financing to a partnership between RoNetco Supermarkets Inc. and Gordon Construction.

“High quality grocery-anchored shopping center financing is in high demand today by our lenders and Mutual of Omaha stepped up to win this business at a fixed rate of 3.26 percent with a 20-year fixed-rate term,” said G.S. Wilcox & Co. principal David Fryer.

An 80,000-square-foot ShopRite anchors the 140,000-square-foot subject property, which is 98 percent leased. Other tenants include GNC LiveWell and Gamestop.

Company President Gretchen Wilcox and Principal Al Raymond also arranged $15.8 million to refinance a 12-building industrial portfolio in Atlanta. They represented Hartz Mountain Industries in the transaction, while Advantus Capital, St. Paul, Minn., funded the loan.

Located in an Atlanta infill industrial submarket, the portfolio was 92 percent leased providing stable cash flow for the new owner, Wilcox said.

G.S. Wilcox & Co. also secured $31.2 million secured by a garden-style apartment community in Newburgh, N.Y. The firm represented a partnership between The Fidelco Group and Diversified Realty Advisors for the transaction; AIG, New York, provided the financing.