Rubenstein Partners And Vision Real Estate Partners Secure $100M Loan From Deutsche Bank For Office Buildings

The Warren Corporate Center consists of three office buildings located at 300, 400 & 500 in Warren, New Jersey. The total square footage of these buildings is 518,620. The asset is involved in a loan transaction amounting to $100,000,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $100,000,000
• Loan Amount: $100,000,000
• Loan Terms: five-year, interest-only loan
• Interest Rate: 7.765%
• Lender: Deutsche Bank
• Landlord: David Rubenstein - Rubenstein Partners
• Landlord: Samuel J. Morreale - Vision Real Estate Partners
• Market: Warren

Rubenstein Partners and Vision Real Estate secured the mortgage from Deutsche Bank, which will be included in a CMBS conduit deal. The arrangement highlights the collaboration between the two landlords in managing the office assets.