Northmarq Secures $950,000 Refinance for USPS-Leased Property in East Rutherford, New Jersey
East Rutherford, NJ – September 5, 2025 – Northmarq’s White Plains debt + Equity team, led by Robert Ranieri, has successfully arranged a $950,000 permanent-fixed refinance for a single-tenant commercial building located at 189 & 193 Park Avenue in East Rutherford, New Jersey. The 3,644-square-foot property is fully leased to the United States Postal Service (USPS), which has continuously occupied the location for over 50 years, demonstrating its long-term stability as a vital community service hub.
The financing was secured on behalf of 189-193 Park Avenue LLC through a strong relationship with Peapack Gladstone Bank. The loan features a five-year term, providing the client with a stable financial foundation for the property.
“This transaction highlights the enduring value of properties leased to essential government tenants like the USPS,” said Robert Ranieri. “Our client was facing a loan maturity, and we were able to identify a lender who recognized the inherent strength of this location and the USPS’s long-standing commitment to the site.”
Key Details of the Transaction:
Property Address: 189 & 193 Park Avenue,East rutherford,New Jersey
Loan Amount: $950,000
Property Type: Single-tenant Retail (Post Office)
Tenant: United States Postal Service (USPS)
Lease Term: Long-term occupancy exceeding 50 years
Lender: Peapack Gladstone Bank
Loan Term: five Years
Broker: Northmarq – White Plains Debt + Equity Team (Robert ranieri)
The Importance of USPS-Leased Properties in Commercial Real Estate
Properties leased to the USPS are ofen considered highly desirable investments within the commercial real estate sector. The USPS, as a federal entity, provides a consistent and reliable source of income for landlords. These long-term leases, coupled with the essential nature of postal services, contribute to the stability and reduced risk associated with these investments. The USPS’s continued operation, even amidst evolving dialogue methods, underscores the enduring need for physical postal locations for package delivery, mail services, and community access.About Northmarq
Northmarq is a leading commercial real estate advisory and servicing firm specializing in debt, equity, investment sales, and loan servicing. They provide tailored solutions to commercial property owners and investors across the United States. More information can be found at https://www.northmarq.com/.
About Peapack Gladstone Bank
Peapack Gladstone Bank is a new Jersey-based commercial bank offering a wide range of financial services to businesses and individuals. They are known for their commitment to relationship banking and providing customized financial solutions. More information can be found at https://www.pgbanknj.com/.
Keywords: Commercial Real Estate, Refinance, USPS, Post Office, Investment Property, Northmarq, Peapack Gladstone Bank, New Jersey Real Estate, Robert Ranieri, Debt + Equity, Single-Tenant Property, Commercial Lending.
Sources:
Northmarq: https://www.northmarq.com/
Peapack Gladstone Bank: https://www.pgbanknj.com/
* United States Postal Service: https://www.usps.com/