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184 Liberty Corner Rd, Warr...

Cushman & Wakefield Secures $80.7M Loan For Office Building In Warren
FINANCEDOffice

Cushman & Wakefield Secures $80.7M Loan For Office Building In Warren

184 Liberty Corner Rd, Warren, NJ, 07...

$80,700,000

Building Size

Asset Type

Office

Closing

Nov 22, 2023

AI

The loan amount of $80,700,000.00 was secured by Center 78, an office building located at 184 Liberty Corner Road in Warren, New Jersey. The 369,797-square-foot institutional quality office building is situated on a 47-acre site in Somerset County, Warren.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $80,700,000.00
  • Address: 184 Liberty Corner Rd, Warren, NJ, 07059
  • Market: Warren
  • Borrower's Rep: Sridhar Vankayala (Cushman & Wakefield)
  • Borrower: Greenfield Partners
  • Lender: Natixis Real Estate Capital

John Alascio of Cushman & Wakefield also played a role in representing Normandy Real Estate Partners in the financing deal for Center 78 in Warren, New Jersey.

Players

Sridhar Vankayala

Cushman & Wakefield

Broker

$493.4M

vol

9 deals

Broker
Natixis
NatixisLender
Normandy Real Estate Partners
Normandy Real Estate PartnersLandlord

Warren Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93