PCCP Funding CenterPointe Bridgewater Acquisition

BRIDGEWATER, NJ—PCCP is bankrolling American Real Estate Partners and Silverpeak Real Estate Partners for the acquisition and lease-up of CenterPointe at Bridgewater, a four-building class-A office campus totaling nearly 332,000 square feet in Bridgewater, NJ. The acquisition was reported earlier this week by GlobeSt.com.  PCCP is providing a $29.76 million senior loan for the deal.

“PCCP is pleased to provide financing for this property, which is arguably one of the top three assets within its submarket,” says Kevin Chin, senior vice president of PCCP. “It has been well maintained, includes a diverse tenant roster, a historically strong occupancy, and benefits from a strategic location in northern New Jersey.”