Wednesday, October 21, 2015

HFF arranges $30.5 million construction financing for Parsippany, NJ office property

Rendering of 10 Sylvan Way, Parsippany, NJ

Jon Mikula
FLORHAM PARK, NJ –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $30.5 million construction loan for 10 Sylvan Way, a 125,829-square-foot office property in Parsippany, New Jersey.

Working on behalf of the borrowers, Normandy Real Estate Partners and Partners Group, HFF placed the loan with First Niagara Bank.  Loan proceeds are being used for a gut rehab and build-to-suit of the building. 

10 Sylvan Way is located within the Mack-Cali Business Campus close to Interstate 287 and Route 10 in the northern New Jersey township of Parsippany.  Upon completion the property will be fully leased to Zoetis, Inc.

The HFF debt placement team representing the borrower was led by senior managing director Jon Mikula.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

Twitter @FirstNiagara
on Facebook at FirstNiagaraBank.

No comments: