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| Center 78 Office Building, Warren, NJ |
Working exclusively on behalf of Normandy
Real Estate Partners, HFF placed the three-year, floating-rate loan with Square
Mile Capital Management, LLC.
Center 78 is located at 184 Liberty Corner Road just north
of Interstate 78 about 30 miles west of New York City. The LEED Gold certified property was
originally built in 1982 and was renovated between 2012 and 2013.
The HFF team representing the borrower was led by senior
managing director Jon Mikula and associate director Michael Lachs.
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| John Mikula |
“Like Normandy, Square Mile has a long and successful track
record as an equity investor in commercial real estate assets that require
repositioning in order to unlock hidden value,” said Square Mile Vice President
Matt Drummond.
“With the recent launch of Square Mile’s senior loan
origination platform, we now are utilizing our firm’s proven real estate and
structuring expertise to serve institutional and entrepreneurial borrowers as a
direct lender. Center 78 was a perfect
fit for our loan platform and a prime example of the kind of financing
opportunities we are seeking.”
Normandy Real Estate Partners is a fully integrated real
estate investment management company based in Morristown, New Jersey with
offices in Boston, New York City, and Washington D.C.
Normandy currently manages a series of discretionary real estate
funds totaling approximately $1.5 billion of equity commitments and
representing over $5 billion in asset value.
For more information visit www.normandyrealty.com
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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