Pender Capital Management Provides $36.4 Million Loan For Columbia Pacific Advisors' Office Properties
New Jersey
See Similar DealsPender Capital Management Provides $36.4 Million Loan For Columbia Pacific Advisors' Office Properties
101 John F Kennedy Parkway
See Similar DealsSummary
The transaction involves two office properties located at 101 and 103 John F Kennedy Parkway in Short Hills, N.J. The total square footage of the assets is 320,196. Columbia Pacific Advisors owns these properties. The loan provided amounts to $36,400,000, which will facilitate the continued leasing of the buildings.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $36,400,000
- Lender: Cory Johnson - Pender Capital Management
- Landlord: Columbia Pacific Advisors
Cory Johnson, representing Pender Capital Management, facilitated the financing for the deal. The properties were acquired previously through a deed-in-lieu of foreclosure and are currently leased through JLL after the departure of Dun & Bradstreet from their leased space.
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