Walgreens Pharmacy - Monge Capital

Location

Paterson, NJ

Est. Project Cost

$7.2 million

Public Financing

New Markets Tax Credit

Private Financing

Bank Financing

Type

Retail

Size

14,820 SF

Sponsor

ARC Properties, Inc.

Closing Date

2010

Pharmacy Ground Up Development

Local developer ground up development of a Walgreens Pharmacy on a term of 25 years on a NNN basis. Financing helped offset finance developer equity need.

Estimated Economic and Social Impact

Over 30 jobs and 120 construction jobs.