NGKF Brokers Sale of $46.7M Non-Performing Loan in Iselin, NJ

ISELIN, NJ—NGKF Capital Markets has brokered the sale of a $46.7 million non-performing commercial mortgage loan collateralized by 499 Thornall Street in Iselin, NJ. The property is a 260,120 square-foot, class A office building in Metropark Corporate Campus II, one of New Jersey’s most sought-after submarkets.The holder of the note, Garrison Onyx, a partnership of Garrison Investment Group and Onyx Equities, retained NGKF Capital Markets to conduct the sale and solicit bids for the loan.

Executive managing director Steven Schultz, managing directors Tony Georgiev and Josh Malka, and leasing expertsHope Brodsky and vice chairman David Simson led the marketing and execution of the loan sale.