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Cushman & Wakefield Arranges Construction Financing for 932-Unit Multifamily Development

| November 10, 2015 | 0 Comments

Cushman & Wakefield of New Jersey, Inc.
One Meadowlands Plaza
East Rutherford, New Jersey 07073

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BOSTON, MA., Nov. 10, 2015 – As advisor to Milton L. Ehrlich, Inc., Cushman & Wakefield’s Equity, Debt & Structured Finance group has arranged construction financing for Village Green on the Park, a to-be-built 932 multi-phase multifamily community located in Roselle, New Jersey.  Financing was provided by U.S. Trust, a subsidiary of Bank of America.

Village Green on the Park will be a 932-unit residential project, developed over five-phases on the site of the former Roselle Golf Club.  The new community will accommodate a growing residential population in New Jersey, particularly those that desire reasonably priced rental housing with an excellent lifestyle.  The large-scale project is supported by an experienced development team, close access to transit, lush green space and abundant amenities.

Cushman & Wakefield’s Equity, Debt & Structured Finance group arranged the financing, led by Jay Wagner, managing director, and Timothy Hosmer, associate, of the Boston office and John Alascio, managing director, of the New York office.

“With its unique in-fill location, The Roselle Golf Course project represents a transformative development for the Township of Roselle, bringing amenity-rich, workforce housing onto one of the few remaining large, development parcels in Northern New Jersey,” said Cushman & Wakefield’s Jay Wagner.

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The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.

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Category: Cushman & Wakefield of New Jersey, News Releases, Newswire: Latest News

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