Natixis Bank Provides $197M Acquisition Loan For Office Building In Jersey City

The recent closed transaction involves an office property located at 70 Hudson Street in Jersey City, NJ. The property spans an area of 432,000 square feet and was acquired through an acquisition loan.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $197,000,000
• Address: 70 Hudson Street, Jersey City, NJ
• Market: Jersey City, NJ
• Lender: Natixis Bank
• Landlord: Vision Properties - Fred Arena
• Broker: Brad Domenico - Progress Capital

Beyond the property details, the deal involved several key individuals and companies. Natixis Bank provided the acquisition loan, while the landlord, Vision Properties, was represented by Fred Arena. Brad Domenico of Progress Capital acted as the broker in the transaction.