HACKENSACK, NJ-The New Jersey office of Holliday Fenoglio Fowler L.P. has arranged a $31.5-million refinancing for Court Plaza North and South, a 325,197-square-foot, class A office complex here. HFF senior managing director Thomas Didio and associate director Michael Lachs exclusively represented the borrower, Alfred Sanzari Enterprises. John Hancock Real Estate Finance provided the 10-year, fixed-rate loan that refinanced the existing mortgage on the property.
Court Plaza North and South is located at 25 and 21 Main St. adjacent to the Bergen County Court House and the Bergen County Government facilities in Hackensack’s central business district, which is approximately 12 miles northwest of Midtown Manhattan and easily accessible from Routes 4 and 17 and Interstate 80.
Court Plaza North consists of six stories of office space totaling 165,197 square feet and Court Plaza South is a three-story building totaling 160,000 square feet. Both properties are located above a 1,073-space underground parking garage. The major tenants at the complex include the law firms Cole Schotz Bernstein Meisel & Forman, Winnie Banta Hetherington Basralian & Khan PC, Herten Burstein Sheridan and the accounting firm EisnerAmper.
“Court Plaza North and South is the highest quality class A office building located within walking distance of the courthouse and government facilities as evidenced by its exceptional tenant roster,” says Didio. “The property is extremely well maintained and provides tenants with an exceptional amenity package.”
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