First Commerce Bank Provides $5.2M Acquisition Loan For Office Asset At 80 Main Street

The property asset involved is an office space located at 80 Main Street, West Orange, NJ, encompassing 102,000 square feet. An acquisition loan amounting to $5,200,000 was secured for this transaction through First Commerce Bank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,200,000
• Address: 80 Main Street
• Market: West Orange, NJ
• Lender: First Commerce Bank
• Landlord: Josh Mann - Iron Ore Properties
• Broker Representatives: Frank Stanislaski & Jack Subers - Progress Capital

Key individuals involved in this deal include Josh Mann, who represents the landlord interests under Iron Ore Properties, and Frank Stanislaski & Jack Subers, who acted as brokers from Progress Capital, facilitating the transaction between the lender and the landlord.