FINANCED
ACORE Capital Provides $105M Loan For Newark Office Acquisition And Renovation
707 Broad Street, 153 Halsey Street, 261 University Avenue
Office
161,399 SF
161,399 SF
Summary
Loan
NEW JERSEY
Office
161,399 sqft
Three office properties located at 707 Broad Street, 153 Halsey Street, and 261 University Avenue in Newark, NJ, have recently been involved in a closed transaction. The deal includes an acquisition and renovation loan provided by ACORE Capital.
Summary of transaction details
- Property Type: Office
- Loan Amount: $105,000,000
- Loan Type: Acquisition & Renovation
- Market: Newark, NJ
The loan was secured by the landlords involved in the deal, Samer and Thafer Hanini of Hanini Group, as well as Brian Murray and Piyush Bhardwaj of Shift Capital. Representing the transaction were Brad Domenico from Progress Capital, along with Matthew Pizzolato, Jon Mikula, and Michael Klein from JLL.
This successful transaction marks a significant milestone in the Newark office market, demonstrating continued investment and development activities in the area.
Read LessPlayers
All
7
Agents
4
Agencies
2
Lenders
1
Details
FINANCED
IMAGE: Michael Klein, Jon Mikula, Matthew Pizzolato & Brad Domenico
DATE: 10/21/2021
ADDRESS: 707 Broad Street, 153 Halsey Street 261 University Avenue
MARKET: Newark, NJ
ASSET TYPE: Office
LENDER: ACORE Capital
LANDLORD: Samer & Thafer Hanini - Hanini Group; Brian Murray & Piyush Bhardwaj - Shift Capital
BROKERS: Brad Domenico (@Domenico317) - Progress Capital (@Progress.Capital); Matthew Pizzolato, Jon Mikula & Michael Klein - JLL (@JLL)
LOAN AMOUNT: $105,000,000
LOAN TYPE: Acquisition & RenovationView on map
Loading...
Address707 Broad Street, 153 Halsey Street, 261 University Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want