CBRE Refinances 331,053-SF Office Building

EDISON, NJ-CB Richard Ellis Capital Markets’ Debt and Equity Finance group has arranged a $35-million first mortgage refinance on behalf of M. Alfieri Co. The three-year, fixed rate loan, which was funded by an undisclosed New Jersey commercial bank, was secured for the 15-story, class A office building located here at 379 Thornall St.

CBRE Capital Markets’ Debt and Equity executive vice president James Gunning and vice president Donna Falzarano arranged the financing on behalf of M. Alfieri Co. “CBRE was able to obtain very attractive loan terms and simultaneously provide the lender with a strong banking relationship,” Gunning says, adding that 379 Thornall is part of the 3.6-million-square-foot Metropark office submarket of Central New Jersey.