First Commerce Bank Provides $7.14 Million Loan For 299 Cherry Hill Road Office Acquisition

The property located at 299 Cherry Hill Road in Parsippany is an office asset encompassing 76,260 square feet. The acquisition loan for this property was facilitated by First Commerce Bank, with a total loan amount of $7,140,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,140,000
• Asset Size: 76,260 SF
• Address: 299 Cherry Hill Road
• Market: Parsippany
• Lender: First Commerce Bank
• Brokers: Paul Gilbert & Meir Bienenfeld - Meridian Capital Group
• Loan Type: Acquisition

Paul Gilbert and Meir Bienenfeld from Meridian Capital Group represented the transaction, serving as brokers for the acquisition loan on the office property. Their involvement ensured the financing was secured through First Commerce Bank, facilitating the transaction process.