Hackensack, NJ, May 10, 2025: Macallan Capital Partners today announced that it arranged a $70 million refinancing for The Brick of Hackensack, a mixed-use residential high-rise in downtown Hackensack.
The Macallan team, led by Laurent Ronald Gray, Chairman, CEO and Co-Founder, and Marco Howington, President and Co-Founder, served as exclusive advisor on the transaction. PNC Bank provided the financing.
The Brick offers 377 residences and 8,000 square feet of ground-floor retail on Main Street. Units include studios and one- and two-bedroom apartments. Amenities include a lap pool, fitness center, yoga studio and a top-floor lounge with views of the Manhattan skyline. The property has maintained 98% occupancy.
“This financing emphasizes the tremendous progress at The Brick of Hackensack and the market’s strong confidence in our vision,” said James Tseng, owner representative of The Brick. “We are very pleased with the experienced and knowledgeable team at Macallan.”