PROGRESS CAPITAL | Bayonne, NJ – $12,300,000
12419
portfolio_page-template-default,single,single-portfolio_page,postid-12419,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-2.7,wpb-js-composer js-comp-ver-5.4.7,vc_responsive

Bayonne, NJ – $12,300,000

Category
Construction, Multi-Family
About This Project

 

Kathy Anderson Arranges 12.3 Million for Vacant Factory

 
Bayonne, NJ – Kathy Anderson of Progress Capital Advisors was approached to secure financing for the acquisition and construction to re-position the former Maidenform Factory into a multifamily asset.  Once the largest employer in Bayonne, Maidenform was the original pioneer of all women’s undergarments through the late 1970’s.  
 
When both international and domestic competition started heating up through the early 2000’s, Maidenform was driven to relocate to Iselin, NJ in 2007, leaving this once burgeoning factory to languish.  
 
In late 2009 the property was purchased and construction began to convert the building  into 84 luxury loft-style apartment units,  shared lobby and common area known as the Silk Lofts at Bayonne.
 
Additional Reading: 
 
Real Estate Business Online
 
Silk Lofts Home