MORRISTOWN, NJ—G.S. Wilcox & Co. has closed two financings on retail properties totaling $25.8 million. David Fryer, principal with the company, represented clients of Levin Management, which manages each of the shopping centers, arranging a $15.4 million loan for a 220,000-sq.-ft. shopping center in Bridgewater, N.J., and a $10.4 million loan on a 150-sq.-ft. shopping center in Raritan, N.J.
The financings were provided by a major life insurance company and both include a 15-year, fixed rate term.
Kent Nevins of Shipman and Goodwin served as the attorney for the borrower on the loans.