G.S. Wilcox & Co. secures $16.5 mllion financing for law firm’s new Morristown office
Morristown, NJ — G.S. Wilcox & Co. has arranged a $16.5 million loan for the Hampshire Companies’ newly constructed office building located at 49 Market St. The new state of the art office building consists of 44,000 s/f and is a build to suit for the D.C. based law firm Fox Rothschild LLP allowing them to consolidate their previous Morristown and Roseland offices. The completion of the building represents the first new class A office product delivered to the downtown Morristown area in decades.
The Morristown-based mortgage banker secured the financing over a 15-year term from a life insurance company headquartered in Alabama. Gretchen Wilcox, president, and Al Raymond, principal, handled the transaction.
“G.S. Wilcox & Co. is thrilled to take an active role in the continued evolution of the Downtown Morristown market” Wilcox said in a prepared statement.