NEW JERSEY—HFF has arranged a $72 million refinancing for The Vanguard, a 196-unit, multihousing property with 37,818 sq. ft. of ground floor retail space in Hoboken, N.J. Working on behalf of Ironstate Development, the HFF team, led by Thomas Didio, senior managing director, placed the 10-year, fixed-rate loan with a life company correspondent lender.
Located at 1201-1333 Hudson Street in the Shipyard mixed-use development along the Hudson River across from midtown Manhattan, The Vanguard is currently fully leased. The property consists of two towers with studio, one-, two- and three-bedroom units averaging 1,046 sq. ft.
Kings Supermarket anchors The Vanguard’s ground-floor retail space that also includes retail tenants such as Rite Aid, Starbucks and TD Bank.