FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured $7 million in financing for Grand Plaza, (above centered photo) a four-story office building in downtown Englewood, New Jersey. Working exclusively on behalf of Monarch Realty Corp., HFF senior managing director Thomas Didio (top right photo) placed the 10-year, fixed-rate first mortgage loan with Columbia Bank. Established in 1949, Monarch Realty Corp. is a real estate brokerage, development and property management company.
Grand Plaza is located at 106 Grand Avenue close to the New Jersey Turnpike and the George Washington Bridge, thre
e miles west of New York City in Englewood, New Jersey. The property has 53,625 square feet of office and street-level retail space that is 91% occupied primarily by medical tenants from the nearby Englewood Hospital. A parking deck in the rear of the building has 144 covered spaces and 73 surface spots.
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.
CONTACTS:Thomas R. Didio, HFF Senior Managing Director, 973 549 2000, tdidio@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
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