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Morgan Stanley Provides $48 Million Refinance Loan For Office Property In Bloomfield

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FINANCED
$48,000,000

New Jersey

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Office397,940 SF
Financed 06/08/2026
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Property Image
FINANCED

Morgan Stanley Provides $48 Million Refinance Loan For Office Property In Bloomfield

Broadacres Drive

See Similar Deals
Office397,940 SF
Financed 06/08/2026
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$120
Total Square Footage:397,940 SF
Transaction Type:Loan

The asset involved in this transaction is an office space located at 1455 Broad Street, and 300 & 400 Broadacres Drive. The total square footage of the property is 397,940, situated in the Bloomfield market. The loan amount secured for this asset is $48,000,000, under a refinance loan type with a term of 5 years and full-term interest-only payments.

Summary of transaction details:

The key individuals involved in this transaction include the representatives from Cushman & Wakefield, Brad Domenico, Frank Stanislaski, and Jack Subers, who facilitated the deal for the landlord. Morgan Stanley served as the lender, providing the financial backing for this refinance transaction.

Players

Brad Domenico
135 deals$3.7B volume
BROKER

Frank Stanislaski
Cushman & Wakefield
57 deals$962.2M volume
BROKER

Jack Subers
Cushman & Wakefield
13 deals$472.5M volume
BROKER

Details

FINANCED
IMAGE: Brad Domenico, Frank Stanislaski & Jack Subers DATE: 06/08/2026 ADDRESS: 1455 Broad Street, 200, 300, & 400 Broadacres Drive MARKET: Bloomfield ASSET TYPE: Office ~ SF: 397,940 LENDER: Morgan Stanley (@Morgan.Stanley) LANDLORD'S REP: Brad Domenico (@Domenico317), Frank Stanislaski (@FStanisl) & Jack Subers (@JackSubers) - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $48,000,000 LOAN TYPE: Refinance LOAN TERMS: 5 years, full-term I/O

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$48,000,000.00

Monthly NOI$320,000.00
Monthly Debt Service$303,392.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00