Print House in Hackensack Secures $60 Million in Funding

The Print House is a 271 apartment building located on the former site of the Bergen Record newspaper in Hackensack. On July 18, GS Wilcox & Co. announced that it had arranged $60 million in financing for the project from a partnership consisting of Russo Development, Hampshire Management (Hampshire Cos.) and Fourth Edition Inc.

GS Wilcox President Gretchen Wilcox and Directors David Fryer and Al Raymond arranged the 10-year term loan.

“These luxury apartments are a great addition to Hackensack and we are delighted to be able to help our clients fund their vision for Hackensack’s urban renewal,” Wilcox said in a prepared statement.

A rendering for the Print House, located along the river in Hackensack. – RUSSO DEVELOPMENT

The project – a mix of luxury studios, one and two bedroom units – is the first residential phase of the property which will have 650 residences in total. Resort-style amenities accompanying the homes include a pool and deck, private dog walk, and state-of-the-art fitness center. Situated on nearly 20 acres bordering the Hackensack River – and offering direct access to its new Riverwalk – the site will also house approximately 30,000 square feet of retail space. NAI James E. Hanson was approached to lease the first phase of it, consisting of 36,529 square feet, last May.

In June 2020, JLL Capital Markets secured a $48.75 million floating rate construction loan for Print House.

According to the company, Morristown-based GS Wilcox & Co. is the only commercial mortgage banking firm founded by a woman in the United States.

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