Sunday, December 2, 2012

HFF arranges financing for newly constructed northern New Jersey office property




Summit Executive Center, Florham, NJ
FLORHAM PARK, NJ – HFF announced it has arranged financing for Summit Executive Center, a 62,188-square-foot, newly constructed office property in Summit, New Jersey.

                HFF worked on behalf of MRY Associates and Normandy Real Estate Partners to secure the 10-year, fixed-rate permanent loan through Cantor Commercial Real Estate (CCRE).  Loan proceeds are taking out an existing construction loan that HFF had previously arranged.

Jon Mikula
Completed in 2012, Summit Executive Center is a LEED Certified office building with a two-level, 196-space parking garage.  The property is fully leased to tenants including one of the world’s leading consulting companies, Pennant Capital Management, Merrill Lynch Wealth Management, Callan Associates and Amlin.

 Located at 1 Deforest Avenue, the property is close to Interstate 78, Route 4 and The Summit Train Station in downtown Summit, about 22 miles west of Manhattan.

                The HFF team representing MRY Associates and Normandy Real Estate Partners 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 | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com


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