Updated Jun 12, 2026
Morgan Stanley Provides $48 Million Refinance Loan For Office Property In Bloomfield
Broadacres Drive
$48,000,000
$120/SF
Building Size
397,940 SF
Asset Type
Office
Closing
Jun 7, 2026
About this deal
AI
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:
- Property Type: Office
- Transaction Amount: $48,000,000
- Lender: Morgan Stanley
- Loan Type: Refinance
- Loan Terms: 5 years, full-term I/O
- Landlord's Representative: Brad Domenico, Frank Stanislaski & Jack Subers - Cushman & Wakefield
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.
On the Map
$48,000,000
$120/SF
Office
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Players
Bloomfield Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93