EDISON, NJ–HFF has arranged a $15.5 million financing for the Business Centre at Edison, a 12-building office park totaling 125,981 square feet in Edison, NJ, and 140 Ethel Road West, a 108,875-square-foot industrial building in Piscataway, NJ.
Working on behalf the borrower, Denholtz Associates, HFF placed the seven-year, fixed-rate loan with Investors Bank. Loan proceeds were used to retire existing debt.
The Business Centre at Edison is a class B office park located on 13.66 heavily-landscaped acres at 1090 King Georges Post Road in Edison. It is approximately 25 miles southwest of Manhattan, 50 miles north of Center City Philadelphia and 15 miles south of Newark Liberty Airport. The 12 single-story buildings are currently 96.9 percent leased.
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