PRINCETON, NJ-The New York and New Jersey offices of Holliday Fenoglio Fowler L.P. have secured an $81.5-million refinancing for a four-property office portfolio totaling 456,000 square feet here. HFF senior managing directors Mike Tepedino and Jon Mikula worked exclusively on behalf of the borrower, a joint venture between RXR Realty and affiliates of Marathon Asset Management, to secure the five-year, fixed-rate loan on a pari-passu basis through Cigna Investments and AIG Global Investment Group.

The properties in the portfolio include University Square and 100, 104 and 115 Campus Dr. Completed in 2008, University Square is a five-story, 324,000-square-foot, class A office building. The three additional properties are single-story office buildings totaling 132,000 square feet. In total, the portfolio is 95% occupied by tenants including Blackrock, Axis Insurance and Otsuka.

Located at the intersection of Route 1 North and Alexander Road, the portfolio is adjacent to Carnegie Center about two miles east of Downtown Princeton. “University Square is one of the preeminent office assets in the Princeton market and was designed to capture the best of class tenants through a combination of trophy quality office space, advanced technology and connectivity infrastructure and first-class amenities,” says Tepedino. “As a result, the loan was highly sought after, and both AIG and CIGNA provided exceptional service within a tight timeframe for the borrower.”