Monday, July 21, 2014

HFF secures financing for 412 Mt. Kemble Avenue office buildings in Morris Township, NJ


Jon Mikula
FLORHAM PARK, NJ - HFF announced today that it has secured $47.5 million in financing for 412 Mt. Kemble Avenue, comprising three interconnected office buildings totaling 477,843 square feet in Morris Township, New Jersey.

HFF placed the three-year, floating-rate loan with Colony Mortgage Capital and CorAmerica.  Keystone Property Group, which acquired the property through a joint venture with Mack-Cali Realty Corporation, plans to make capital improvements to the buildings to enhance their competitive distinction in the Morristown submarket.

Originally built in 1985, 412 Mt. Kemble Avenue is conveniently located in the northern New Jersey office market on Route 202, less than three miles from Interstate 287, providing easy access to New York City, Philadelphia and the surrounding markets. 

Jim Cadranell
The HFF debt placement team was led by senior managing director Jon Mikula, managing director Jim Cadranell and associate director Andrew Roland.

“We were excited to be a part of such an important transaction for the Keystone team,” said Mikula.

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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