PARSIPPANY, NJ-CB Richard Ellis’ Capital Markets Debt & Equity group has secured $33 million in permanent, long-term, acquisition financing for 100 Kimball Dr. here.
CBRE’s New Jersey and Chicago offices collaborated to secure the financing—a 10-year loan with a fixed interest rate of 5.25%. The 175,000-square-foot, class A office facility, acquired by CBRE Realty Trust, is fully leased to Deloitte LLP through July 2020.
The five-story building is located within the Center of Morris County office park, near I-80 and I-287, and features 850,000 square feet in four buildings.
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