Northern New Jersey trophy office building receives $25M refinancing arranged by HFF

FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $25 million refinancing for Glenpointe Centre West, (top right photo)  a 333,650-square-foot, Class A office building in Teaneck, New Jersey.

HFF senior managing director Tom Didio, (middle left photo)  associate director Michael Lachs and associate Angela Jaramillo worked exclusively on behalf of Alfred Sanzari Enterprises to secure the seven-year, fixed-rate loan through CIGNA Investments.

 Loan proceeds were used to refinance the existing first mortgage. The borrower was represented by Thomas Cangialosi of the Hackensack, New Jersey-based law firm, Winne, Banta, Hetherington, Basralian & Kahn.

Glenpointe Centre West is located at 500 Frank W. Burr Boulevard within Teaneck’s Glenpointe Centre mixed-use development, approximately three and one half miles west of Manhattan via Interstate 95 and the George Washington Bridge. The seven-story Class A office property is leased to numerous national and regional tenants including Cognizant, Univision, Inc. and the law firm of Decotiis, Fitzpatrick, Cole & Wisler.

“HFF is pleased to have represented both David Sanzari as the borrower and Cigna Investments as our correspondent lender in structuring this seven-year transaction. Glenpointe Centre West is the premier office property in Bergen County and for that reason it continues to attract quality national and regional tenants,” said Didio.

Alfred Sanzari Enterprises is a New Jersey-based developer with a portfolio of more than five million square feet of commercial and multifamily space including office, industrial, apartments and hotels.

Contacts:
Thomas R. Didio, HFF Senior Managing Director, (973) 549 200, tdidio@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, 713) 852-3500,  krmurphy@hfflp.com