By Jessica Perry, NJBIZ
HKS Real Estate Advisors facilitated a $46.5 million commercial mortgage-backed securities loan with Citigroup for Soldier Hill Commons in Paramus.
The New York-based real estate advisory announced the financing with Citigroup May 30. HKS Principal and founding partner John Harrington managed the transaction.
Located at 1-5 Soldier Hill Road, the 35-acre site offers 140 Class A residences. Spread across three buildings, the total footprint is approximately 240,000 square feet.
According to HKS, the units feature spacious layouts, gourmet kitchens and quartz countertops, spa-like bathrooms, stainless steel appliances and private outdoor balconies. The living package is rounded out by amenities, such as a pool and game and conference rooms.
The property has a controversial local history centered on contamination concerns. The development won approval in 2020 following 45 years of litigation.
If you liked this post, you’ll love our daily environmental newsletter, EnviroPolitics. It’s packed daily with the latest news, commentary, and legislative updates from New Jersey, Pennsylvania, New York, Delaware…and beyond. Please do not take our word for it, try it free for an entire month. No obligation.
