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5 Astro Place
FINANCED

Northbridge Partners Refinances Package Deal In Denville & Cinnaminson, NJ; & Bensalem, PA For $27M

5 Astro Place

Package Deal
343,000 SF
clock iconFinanced 351 days ago
Morris Betesh
Brandon Serota
Alex Bailkin
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Summary

Loan
NEW JERSEY
Package Deal
343,000 sqft

A package deal involving a total of 343,000 square feet of real estate has taken place in Denville and Cinnaminson, NJ, as well as Bensalem, PA. The properties included in the package deal are located at 5 Astro Place, 1450 Taylors Lane, 420, 458-460, and 524 Imperial Court. The deal was orchestrated by Northbridge Partners, a real estate firm, and involved a loan refinancing with an amount of $27,000,000 provided by an insurance company. The brokers representing the deal were Morris Betesh, Brandon Serota, and Alex Bailkin from Meridian Capital Group.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $27,000,000
  • Address: 5 Astro Place, 1450 Taylors Lane, 420, 458-460, & 524 Imperial Court
  • Market: Denville & Cinnaminson, NJ; & Bensalem, PA
  • Landlord: Northbridge Partners
  • Lender: Insurance Company
  • Brokers: Morris Betesh, Brandon Serota & Alex Bailkin - Meridian Capital Group
  • Loan Type: Refinance

The package deal was initiated by Northbridge Partners, a well-known real estate firm. It involved a loan refinance with an insurance company providing a loan amount of $27,000,000. The brokers representing the deal were Morris Betesh, Brandon Serota, and Alex Bailkin from Meridian Capital Group. This transaction marks an important milestone for the parties involved in the deal, providing them with the necessary financing to make further investments and expand their real estate portfolios.

Players

  • All

    4

  • Agents

    3

  • Agencies

    1

Morris Betesh's profile picture
Morris Betesh
Meridian Capital Group-image
Senior Managing Director
$754.4M Sold
Brandon Serota's profile picture
Alex Bailkin's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Brandon Serota, Morris Betesh & Alex Bailkin DATE: 06/29/2023 ADDRESS: 5 Astro Place, 1450 Taylors Lane, 420, 458-460, & 524 Imperial Court MARKET: Denville & Cinnaminson, NJ; & Bensalem, PA ASSET TYPE: Package Deal ~ SF: 343,000 LANDLORD: Northbridge Partners LENDER: Insurance Company BROKERS: Morris Betesh, Brandon Serota & Alex Bailkin (@AjBailkin)- Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $27,000,000 LOAN TYPE: Refinance

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