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| Rendering of 10 Sylvan Way, Parsippany, NJ |
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| Jon Mikula |
FLORHAM PARK, NJ – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has arranged a $30.5 million construction loan for 10 Sylvan Way, a 125,829-square-foot office property in Parsippany,
New Jersey.
Working on behalf of the
borrowers, Normandy Real Estate Partners and Partners Group, HFF placed the
loan with First Niagara Bank. Loan
proceeds are being used for a gut rehab and build-to-suit of the building.
10 Sylvan Way is located
within the Mack-Cali Business Campus close to Interstate 287 and Route 10 in
the northern New Jersey township of Parsippany.
Upon completion the property will be fully leased to Zoetis, Inc.
The HFF debt placement
team representing the borrower 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 | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
Twitter @FirstNiagara
on Facebook at
FirstNiagaraBank.
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