Jaime Weiss, managing member of Colonial Village Associates, LLC and president of Weiss Realty, the leasing and managing agent for the 70,000 s/f shopping center and professional office park, has announced the completion of a $9.5 million, 20 year, fixed-rate, self-liquidating mortgage with AIG. CBRE Melody, represented by James Gunning and Donna Falzarano, brokered and arranged the refinancing on behalf of Colonial Village Associates, LLC.
“AIG recognized the great location of Colonial Village and the managerial and leasing expertise of Jaime Weiss and provided an attractive 20 year financing package” stated James Gunning. “Completion of this transaction was accomplished as a result of CRBE Melody’s professional presentation and diligence” commented Jaime Weiss.
Colonial Village, located at Route 27/Lincoln Highway and Parsonage Road in Edison, NJ, consists of 20,000 s/f of retail shops and 50,000 s/f of office space and is situated on six attractively landscaped acres. Retail tenants include Bernstein’s Fine Women’s Fashions, Alan’s Fine Shoes, Susan’s Lingerie, and Bella Florist. Restaurants include Loucas, highly rated by Zagats, Starbucks Coffee, Meemahs, fine Chinese cuisine, and our newest tenant The Original Soupman.