Shops at Rockaway – Rockaway Township, New Jersey
Duration of Mezz-Equity Participation: 18 months (Jun'04-Dec'05).
Sale Value (SV)/Estimated Value (EV): $21M (SV).
Mezzanine Equity Amount: $3.0M.
Development Cost: $10M.
High-profile 40,000 sq foot multi-tenant NNN retail shop building situated on 5.33 acres located at the Main Entrance of the Rockaway Townsquare Mall (Simon Property Group). Tenants include Rockaway Bedding, Sprint, Supercuts, Quizno's, Coldstone Creamery, Dunkin Donuts, Citibank, Ink Stop, Fatburger, Special Additions, La Salsa, Fedex-Kinko's, and Carter's Childrenwear.