HFF arranges $83.45 million refinancing for 14-property office portfolio in New Jersey and Massachusetts

Jon Mikula

FLORHAM PARK, NJ – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged an $83.45 million refinancing for a portfolio of office assets totaling 14 buildings and 946,374 square feet in New Jersey and Massachusetts.  

HFF worked on behalf of the borrower, Normandy Real Estate Partners, to secure the floating-rate loan with JP Morgan Chase & Company and Rialto Capital.

Individual property details are listed below:

Property    Size   Occupancy    Key Tenants

20 & 25 Independence Boulevard      Two Buildings          89%    Cellco Partnership,  228,393 SF

Warren, NJ                                                                   

999 Frontier Road,  One Building, 100%    Philips Van Heusen, Bridgewater, NJ       40,565 SF               

 Flanders Business Park, Four Buildings, 60%          Cogentix Medical, Toshiba

129, 131, 133 & 135 Flanders Road  105,500 SF                   Westborough, MA                                                                    

 Marlborough Technology Park, Seven Buildings, 76.3% , Cavcium, Tetra Tech,  Sepaton

100-700 Nickerson Road,  571,916 SF                                  

Marlborough, MA

The HFF debt placement team representing the borrower was led by senior managing directors Jon Mikula and Riaz Cassum and managing director Porter Terry.

  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 | www.hfflp.com

krmurphy@hfflp.com

www.normandyrealty.com.