PRINCETON, NJ-Denver-based REIT Dividend Capital Total Realty Trust has secured $35 million of fixed-rate financing on 1100 Campus Rd., a local office property that it had previously acquired in November 2009 for around $51 million in an all-cash transaction.

The property, which is part of the Corporate Campus at the 800,000-square-foot master-planned office development Princeton Forrestal Village, is leased to Novo Nordisk, a healthcare company that manufactures and markets diabetes care products worldwide, with 13 years remaining on the lease term.

The financing proceeds, provided by a life insurance company, should give Dividend the ability to redeploy the capital at a time when commercial real estate property prices are lower. "The Princeton financing shows the strength of this property as well as our balance sheet and gives us a great opportunity to make additional investments that should be beneficial to the company and its investment strategy," Dividend Capital president Guy Arnold said in a statement.