Done Deals: HFF secures $75 million first mortgage financing for Realogy Corporation headquarters in Madison, NJ

Monday, May 13, 2013

HFF secures $75 million first mortgage financing for Realogy Corporation headquarters in Madison, NJ

175 Park Avenue, Madison, NJ

FLORHAM PARK, NJ – HFF announced today that it has secured $75 million in financing for 175 Park Avenue, a 270,000-square-foot, newly-completed corporate headquarters for the Realogy Corporation in Madison, New Jersey.

Jon Mikula

HFF worked exclusively on behalf of The Hampshire Companies to secure the 10-year, fixed-rate loan through Cantor Commercial Real Estate Lending, L.P. The loan will be used to retire existing construction financing that HFF had secured on behalf of the borrower in late 2011.

175 Park Avenue is located near State Route 24 and Interstate 287 adjacent to BASF’s new North American headquarters and the headquarters for the New York Jets.

Michael Klein

After completing an extensive gut rehab of an existing structure, the property was completed in March 2013 and is built to LEED standards. Amenities include a fitness center, full-service cafe, and conference/team room facilities. Realogy Corporation is a global provider of real estate and relocation services.

The HFF team representing The Hampshire Companies was led by senior managing director Jon Mikula and director Michael Klein.

The Hampshire Companies is a full-service, private real estate firm with equity in assets valued at more than $2.5 billion, based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. www.hampshireco.com.