2010

McManimon & Scotland, L.L.C. Assists in Closing $46,800,000 Construction Loan for Elberon Development Co., L.L.C. Using Recovery Zone Facility Bonds.

On December 30, 2010, McManimon & Scotland, L.L.C. closed a $46,800,000 financing transaction for Elberon Development Co., L.L.C. which included the issuance of $44,499,000 in Recovery Zone Facility Bonds. The project includes the demolition and construction of a 524,000 sq. ft state-of-the-art warehouse for Wakefern Food Corp. in Elizabeth.