Eliot Spitzer is putting the icing on the cake of his first Jersey City development with permanent financing. Spitzer Enterprises and partner Arden Group landed $109.5 million in debt from Northwestern Mutual for their multifamily property at 425 Summit Avenue, the Commercial Observer reported. The debt retires the construction loan for the 390-unit development in the Journal Square neighborhood. The 27-story building is within a half mile of the Journal Square PATH station. The units are 98 percent leased, according to CBRE, and the building features amenities such as a fitness center, a coworking lounge, a golf simulator and pet […]

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