20 & 25 Independence Boulevard Two Buildings 89% Cellco Partnership

Warren, NJ 228,393 SF

999 Frontier Road One Building 100% Philips Van Heusen

Bridgewater, NJ 40,565 SF

Flanders Business Park Four Buildings 60% Cogentix Medical

129, 131, 133 & 135 Flanders Road 105,500 SF Toshiba

Westborough, MA

Marlborough Technology Park Seven Buildings 76.3% Cavcium, Tetra Tech

100-700 Nickerson Road 571,916 SF Sepaton

Marlborough, MA

The HFF debt placement team representing the borrower was led by senior managing directors Jon Mikula and Riaz Cassum and managing director Porter Terry.

On the Wall Township transaction, HFF director Michael Klein and his debt placement team worked on behalf of the borrower, The Donato Group, to secure the 10-year, fixed-rate loan through CIBC World Markets.

“With a concern about interest rates rising in the near future and the desire for maximum proceeds, the borrower elected to prepay a number of loans and take interest rate risk out of the equation for the next 10 years,” says Klein. “CIBC understood this unique Monmouth County submarket as demonstrated by the complex's strong historical occupancy and recognized the quality of the buildings construction and the borrower's strong hands on management style to provide aggressive terms that best met the borrower's needs.”

1800 Route 34 is situated less than two miles from both Interstate 195 and the Garden State Parkway at the intersection of Route 34 and W. Hurley Pond Road. The complex has above average parking at 950 spaces, which represents five spaces per 1,000 square feet, as well as a 3,400-square-foot restaurant that is open for breakfast, lunch and catering within the complex. Constructed between 2001 and 2007, the class A property is currently 95 percent leased. Significant tenants include French & Parrello, First Credit Union, The Earle Companies, KMB Design Group, Secova Securities and Eckman Recycling.