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Town Title Agency, working alongside Cole Schotz, P.C., recently insured the $90mm purchase of Port Carteret, an industrial seaport complex located at 300 Middlesex Avenue in Carteret, N.J. The loan on the transaction was for $87.5mm, with $2.25mm of mezzanine financing provided by Acore Capital Mortgage, LP.   Port Carteret is an industrial seaport complex located on the Arthur Kill in Carteret, New Jersey. The port is located in a heavy industrial area that is zoned for...

Town Title Agency recently insured a $135mm purchase transaction on a FedEx building in Gaithersburg, MD. SunCap Gaithersburg, LLC sold the building — located at 800 North Frederick Avenue – to Morris Gaithersburg Associates, LLC. $39mm worth of financing was provided by Allianz Life Insurance Company of North America.   Having built more than 30 million square feet of retail space along the East Coast, The Morris Companies are known for their premier industrial warehouse facilities. They...

In the latest transaction for its thriving healthcare division, and in conjunction with First American Title Insurance Company, Town Title Agency recently insured a 13-property portfolio spanning several states, including Wisconsin, Nevada, North Carolina, Florida, New Jersey, and Connecticut. The portfolio was originated by CPI Medical Fund One, LLC – who was represented in the deal by Cole Schotz P.C. – for just over $102mm. Financing for $75mm was provided by Santander Bank.   CPI Medical Fund...

Town Title Agency, in conjunction with First American Title Insurance Company, recently insured a 12-property portfolio transaction spanning six states: New Jersey, New York, Pennsylvania, New Hampshire, Louisiana and Colorado. The portfolio, purchased by Columbia Net Lease Venture, was valued at $55mm. Santander Bank financed the $37mm loan.   Columbia Net Lease Venture LLC is a private, open-ended real estate investment fund focused on providing investors with preferred returns through investments in geographically diverse, credit worthy net...

Town Title Agency – in conjunction with First American Title Insurance Company – closed on a $50mm dual-property refinance deal on Monday, Dec. 11, for Atrium Health & Senior Living. The two properties involved in the transaction are located in Princeton and Matawan, N.J. A New York-based investment firm financed the deal.   Atrium Health & Senior Living has a long history of providing premier health care for residents and patients at every stage of senior life....

Town Title Agency recently insured a 21 site financing portfolio transaction worth over $100mm, spanning 9 states. The insured, Columbia Net Lease Venture (CNLV) is a NJ based private, open ended, real estate investment fund focused on net leased retail properties with long term leases nationwide. The transaction was funded by Wells Fargo Bank, N.A and included various properties throughout the North East and Mid West. Subsequent to this financing, Town Title also insured a mortgage...

Town Title Agency recently insured a $52mm commercial refinance transaction in Catonsville, Md. Investors Savings Bank handled the financing for Wharton Realty Group, a New Jersey-based acquisition/property management company that has been in business for more than 30 years.   Over the past several years, Wharton Realty Group, Inc. has acquired more than 20 properties in 12 states with a current total portfolio of over 30 properties. The company presently owns more than six million square feet...