HFF secures $13.6 million refinancing for Claremont Corporate Center in Summit, NJ

 FLORHAM PARK, NJ – HFF announced today that it has secured a $13.6 million refinancing for Claremont Corporate Center (top left photo), a 41,982-square-foot, Class A office building in Summit, New Jersey.

HFF arranged the financing on behalf of Claremont Corporate Center LLC of Summit, New Jersey (www.claremontcorporate.com).  Cantor Commercial Real Estate provided the 10-year, fixed-rate loan.  Proceeds were used to refinance a construction/permanent loan previously arranged by HFF in 2008.

Claremont Corporate Center is located at 535 Springfield Avenue in downtown Summit about 22 miles west of Manhattan.  Completed in 2010, the center is 100 percent occupied by five tenants.  The building incorporates the more than 100-year-old Risk Mansion into its exterior and is within walking distance of a commuter train station to Manhattan and the surrounding areas.

The HFF team representing the borrower was led by senior managing director Jon Mikula (lower right photo).

Contacts:              

JON MIKULA                                                         

 HFF Senior Managing Director                           

 (973) 549-2000                                                       

 jmikula@hfflp.com                                                 

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com