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| 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.
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| 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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