Dealmaker: G.S. Wilcox & Co. Arranges $88M

G.S. Wilcox & Co., Morristown, N.J., secured $87.9 million in financing for industrial, retail and multifamily properties in New Jersey and New York.

In Wall Township, N.J., Principal David Fryer secured $9.8 million for three flex buildings in the Allaire Corporate Campus. G.S. Wilcox & Co. correspondent lender Thrivent Financial for Lutherans, Minneapolis, provided the 10-year loan.

Located less than two miles from Interstate 95, the assets are fully leased to three separate tenants with several years remaining on each lease.

Company President Gretchen Wilcox, Principal Al Raymond and Fryer also completed other transactions including $18.2 million secured by a 322,000-square-foot industrial building in Moonachie, N.J. The subject property is 100 percent leased to two tenants. Thrivent Financial also supplied this financing.

The second transaction was a $12 million loan secured by three industrial warehouse buildings totaling 211,500 square feet in South Hackensack, N.J. Alfred Sanzari Enterprises, Hackensack, received a life insurance company loan on the portfolio.

For the third transaction, Wilcox, Fryer and Raymond arranged $4.5 million secured by a 40,000-square-foot owner-occupied retail building in Farmingdale, N.Y. Genworth Life Insurance Co., Richmond, Va., provided the financing.

In New Windsor, N.Y., Wilcox, Fryer and Raymond secured $43.4 million in insurance company funds for a newly constructed 270-unit apartment community. The insurance company locked the rate early and funded upon breakeven during the lease-up phase. The 15-year loan at 90 percent loan to cost included an initial two-year interest-only period.