The office building located at 200, 300, and 400 Broadacres Dr. & 1455 Broad St. in Bloomfield, NJ has recently been acquired through a loan transaction. The property is situated in the office market of Bloomfield and was purchased for an undisclosed amount.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Loan Type: Acquisition
• Lender: Natixis Real Estate Capital - Jared Zimmel
• Broker: Brad Domenico from Progress Capital
• Loan Amount: $40,000,000
• Loan Terms: Full Term I/O

Natixis Real Estate Capital, led by Jared Zimmel, provided the loan in the amount of $40,000,000 for the acquisition of the office property at 200, 300, and 400 Broadacres Dr. & 1455 Broad St. in Bloomfield, NJ. Brad Domenico from Progress Capital represented the parties involved in the transaction.