HFF arranges $49.1 million construction loan for Realogy’s new headquarters in Madison, New Jersey
January 11, 2012
HFF arranges $49.1 million construction loanfor Realogy’s new headquarters in Madison, New Jersey
FLORHAM PARK, NJ– HFF announced today that it has arranged a $49.1 million construction loan for 175 Park Avenue, a 280,000-square-foot office development that is pre-leased to Realogy Corporation in Madison, New Jersey.
Working exclusively on behalf of The Hampshire Companies, HFF placed the loan with US Bank and M&T Bank. HFF secured US Bank to be the lead agent and brought in M&T to participate in the loan.
175 Park Avenue is located near State Route 24 and Interstate 287 adjacent to BASF’s new North American headquarters and the headquarters for the New York Jets. The building will be built to LEED standards and will feature a full range of amenities including a fitness center, full-service cafe, and conference / team room facilities. Realogy Corporation is a global provider of real estate and relocation services.
The HFF team representing The Hampshire Companies was led by senior managing director Jon Mikula and director Michael Klein.
The Hampshire Companies is a full-service, private real estate firm with equity in assets valued at more than $2.5 billion, based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. www.hampshireco.com.
Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 20 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. www.hfflp.com.