High-performing shopping center in affluent Stafford Township secures $20.5M refinancing

MORRISTOWN, N.J., Jan. 23, 2026 –  JLL Capital Markets announced today that it has arranged a $20.5 million refinancing for Stafford Park, a 140,893 square-foot, high-performing, open-air shopping center in Stafford Township, New Jersey.

JLL worked on behalf of the borrower, Walters Group, in securing the five-year, fixed-rate loan through an investment manager.

Located at 215 Stafford Park Blvd., the property stands as the dominant open-air shopping center, located directly off Exit 63 of the Garden State Parkway, benefiting from exceptional visibility with over 33,600 vehicles passing daily. The center has established itself as the most visited shopping destination within a 15-mile radius, drawing more than four million visits over the past 12 months. This strategic location combines high-traffic highway access with proven consumer draw, positioning Stafford Park as a premier retail destination in the region.

The fully leased shopping center was developed by the borrower in 2007 and now features a strong lineup of high-credit national brands including Dick's Sporting Goods, Best Buy, PetSmart and Ulta. The Property also benefits from premier shadow-anchors in Costco and Target, creating additional customer draw and cross-shopping opportunities.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Jim Cadranell, Director Ryan Carroll and Analyst Christian Badalamenti.

"Stafford Park represents exactly the type of high-quality retail asset that attracts competitive financing in today's market," said Cadranell. "The combination of 100% occupancy, strong national tenants and an affluent trade area with excellent highway visibility made this a compelling story for lenders, resulting in favorable terms for our client."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

The Walters Group is a multi-disciplined residential and commercial real estate organization with core competencies in the areas of land planning, acquisitions, development, marketing, construction, management and environmental remediation. Walters is active throughout southern New Jersey and Eastern Pennsylvania.