Maguire Hayden Real Estate Co Secures $58M Refinance For 300 Four Falls Office In Conshohocken

The property asset involved in this transaction is an office building located at 300 Conshohocken State Road in Conshohocken, PA, with a total square footage of 298,564. The loan amount secured for this asset is $58,000,000, which is part of a refinance arrangement for the 91.6%-leased building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $58,000,000
• Loan Type: Refinance
• Loan Terms: five-year, fixed-rate
• Lender: Barclays Bank & Argentic Investment Management
• Landlord: Anthony J. Hayden - Maguire Hayden Real Estate Co
• Broker: Chad Orcutt - JLL

This refinancing deal was structured to retire a maturing $70M acquisition loan on the asset, which was originally purchased for $98.4M by Maguire Hayden Real Estate. The deal was arranged by JLL Capital Markets, showcasing their role in facilitating the refinancing process.