Bergman Real Estate Secures $15.35 Million Loan For Class A Office In Princeton, NJ

500 College Road East is a 160,904-square-foot Class A office building located in Princeton, NJ. The property sits on 15 acres and is currently owned by Bergman Real Estate. A loan amounting to $15,350,000 has been secured against this asset with a loan term of four years, on an interest-only basis.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $15,350,000
• Address: 500 College Road East, Princeton, NJ
• Asset Size: 160,904 square feet
• Land Area: 15 acres
• Landlord: Michael Bergman - Bergman Real Estate
• Brokers: Greg Nalbandian, Michael Klein, Nazario Paragano & Kevin Badger - JLL
• Loan Terms: Four-year, interest-only

JLL Capital Markets organized the financing, which comes after a series of capital improvements and the execution of 22 new leases totaling approximately 113,000 square feet since the acquisition of the property by Bergman Real Estate.