As previously reported by GlobeSt.com, in 2009, Eastman recapitalized the property with a $64.7 million financing package that included a $44.7 million adjustable rate loan provided by Wells Fargo and TD Bank, and $20.08 million in joint venture equity from Fidelity Real Estate Group.

The 385,000-square-foot class A office complex is owned and managed by Eastman Companies and P3RE Properties.

“As the market continues to strengthen, fully amenitized, Class A properties are benefiting the most,” says Cushman & Wakefield's David Bernhaut, who headed the assignment with team members Andrew Merin, Gary Gabriel, Brian Whitmer and Andrew MacDonald, as well as John Alascio of the commercial real estate services firm's Equity, Debt & Structured Finance group. “Harvey Rosenblatt understood the value of this truly best-in-class asset, and was able to perform a very quick due diligence and adhere to tight closing timelines in order the make this transaction a success.”

Home to a broad range of corporate tenants – including Verizon, John Hancock Life Insurance Co., Veritext and Citrin Cooperman – Eisenhower Corporate Campus is comprised of four interconnecting buildings set on 33.5 acres of exquisitely landscaped grounds.

In a region defined by class A office properties, the campus features the market's best amenity package including a full-service cafeteria with catering capabilities, 24-hour security, electric car charging stations and a 600-vehicle parking structure. On-site fitness amenities include a tenant-exclusive fitness center, personal training at It's Beyond Fitness, indoor cycling at Hills Fit Studio and appointment-only massage services from New Jersey Massage. In addition, the fully equipped Eisenhower Conference Center with a 200-seat auditorium is available for business functions ranging from small meetings to large corporate conferences.

Eisenhower Corporate Campus recently earned the LEED Silver certification for Existing Buildings: Operations & Maintenance. In 2014, ECC received “The Outstanding Building of the Year” (TOBY) honor from the Building Owners and Managers Association (BOMA).

“This is a beautiful asset that speaks for itself,” says P3RE's Rosenblatt. “Eastman Companies has created a premier business environment that meets the demand by today's workforce to achieve greater work/life balance. We sought to capitalize on a tremendous opportunity to continue to reposition and lease-up the building, and with the continuous growth taking place in the Livingston market, we are certain the property's future potential is something we can help bring to fruition.”

Situated in the heart of the West Essex corridor, the campus is just minutes from shopping and restaurants and offers the type of walkable amenities that are generally available only to buildings located in downtown markets. In addition to a Fresh Market-anchored shopping center located directly across the street, new retail development adjacent to the property will consist of office-friendly tenants including Starbucks and Shake Shack.

“In 2008, Eastman embarked on a multimillion dollar capital improvement campaign to successfully renovate and reposition the property to meet the evolving needs of corporate tenants and a growing millennial workforce,” says Peter Schofel, managing partner with Eastman Companies. Noting that the building is approaching 100 percent occupancy, Schofel added, “We are looking forward to working with our new partners to build on this investment and further enhance the exceptional environment we have created for current and prospective tenants.”

Meridian Financing Recapitalization of Eisenhower Corporate Campus in Livingston, NJ

LIVINGSTON, NJ—Eastman Companies has recapitalized its Eisenhower Corporate Campus, 290 W. Mount Pleasant Ave., Livingston, NJ, for the second time in ten years.

Eastman's new recap partner, P3RE Properties, a Jackson, NJ-based real estate firm headed by Harvey Rosenblatt, helped Cushman & Wakefield arrange for a balance sheet lender to provide a mortgage refinancing of $50 million through Meridian Financial.

As previously reported by GlobeSt.com, in 2009, Eastman recapitalized the property with a $64.7 million financing package that included a $44.7 million adjustable rate loan provided by Wells Fargo and TD Bank, and $20.08 million in joint venture equity from Fidelity Real Estate Group.

The 385,000-square-foot Class A office complex, located at 290 W. Mount Pleasant Avenue, is owned and managed by Eastman Companies and P3RE Properties.

“As the market continues to strengthen, fully amenitized, Class A properties are benefiting the most,” says Cushman & Wakefield's David Bernhaut, who headed the assignment with team members Andrew Merin, Gary Gabriel, Brian Whitmer and Andrew MacDonald, as well as John Alascio of the commercial real estate services firm's Equity, Debt & Structured Finance group. “Harvey Rosenblatt understood the value of this truly best-in-class asset, and was able to perform a very quick due diligence and adhere to tight closing timelines in order the make this transaction a success.”

Home to a broad range of corporate tenants – including Verizon, John Hancock Life Insurance Co., Veritext and Citrin Cooperman – Eisenhower Corporate Campus is comprised of four interconnecting buildings set on 33.5 acres of exquisitely landscaped grounds.

In a region defined by class A office properties, the campus features the market's best amenity package including a full-service cafeteria with catering capabilities, 24-hour security, electric car charging stations and a 600-vehicle parking structure. On-site fitness amenities include a tenant-exclusive fitness center, personal training at It's Beyond Fitness, indoor cycling at Hills Fit Studio and appointment-only massage services from New Jersey Massage. In addition, the fully equipped Eisenhower Conference Center with a 200-seat auditorium is available for business functions ranging from small meetings to large corporate conferences.

Eisenhower Corporate Campus recently earned the LEED Silver certification for Existing Buildings: Operations & Maintenance. In 2014, ECC received “The Outstanding Building of the Year” (TOBY) honor from the Building Owners and Managers Association (BOMA).

“This is a beautiful asset that speaks for itself,” says P3RE's Rosenblatt. “Eastman Companies has created a premier business environment that meets the demand by today's workforce to achieve greater work/life balance. We sought to capitalize on a tremendous opportunity to continue to reposition and lease-up the building, and with the continuous growth taking place in the Livingston market, we are certain the property's future potential is something we can help bring to fruition.”

Situated in the heart of the West Essex corridor, the campus is just minutes from shopping and restaurants and offers the type of walkable amenities that are generally available only to buildings located in downtown markets. In addition to a Fresh Market-anchored shopping center located directly across the street, new retail development adjacent to the property will consist of office-friendly tenants including Starbucks and Shake Shack.

“In 2008, Eastman embarked on a multimillion dollar capital improvement campaign to successfully renovate and reposition the property to meet the evolving needs of corporate tenants and a growing millennial workforce,” says Peter Schofel, managing partner with Eastman Companies. Noting that the building is approaching 100 percent occupancy, Schofel added, “We are looking forward to working with our new partners to build on this investment and further enhance the exceptional environment we have created for current and prospective tenants.”

LIVINGSTON, NJ—Eastman Companies has recapitalized its Eisenhower Corporate Campus, 290 W. Mount Pleasant Ave., Livingston, NJ, for the second time in ten years.

Eastman's new recap partner, P3RE Properties, a Jackson, NJ-based real estate firm headed by Harvey Rosenblatt, helped Cushman & Wakefield arrange for a balance sheet lender to provide a mortgage refinancing of $50 million through Meridian Financial, Rosenblatt tells GlobeSt.com.

As previously reported by GlobeSt.com, in 2009, Eastman recapitalized the property with a $64.7 million financing package that included a $44.7 million adjustable rate loan provided by Wells Fargo and TD Bank, and $20.08 million in joint venture equity from Fidelity Real Estate Group.

The 385,000-square-foot class A office complex is owned and managed by Eastman Companies and P3RE Properties.

“As the market continues to strengthen, fully amenitized, Class A properties are benefiting the most,” says Cushman & Wakefield's David Bernhaut, who headed the assignment with team members Andrew Merin, Gary Gabriel, Brian Whitmer and Andrew MacDonald, as well as John Alascio of the commercial real estate services firm's Equity, Debt & Structured Finance group. “Harvey Rosenblatt understood the value of this truly best-in-class asset, and was able to perform a very quick due diligence and adhere to tight closing timelines in order the make this transaction a success.”

Home to a broad range of corporate tenants – including Verizon, John Hancock Life Insurance Co., Veritext and Citrin Cooperman – Eisenhower Corporate Campus is comprised of four interconnecting buildings set on 33.5 acres of exquisitely landscaped grounds.

In a region defined by class A office properties, the campus features the market's best amenity package including a full-service cafeteria with catering capabilities, 24-hour security, electric car charging stations and a 600-vehicle parking structure. On-site fitness amenities include a tenant-exclusive fitness center, personal training at It's Beyond Fitness, indoor cycling at Hills Fit Studio and appointment-only massage services from New Jersey Massage. In addition, the fully equipped Eisenhower Conference Center with a 200-seat auditorium is available for business functions ranging from small meetings to large corporate conferences.

Eisenhower Corporate Campus recently earned the LEED Silver certification for Existing Buildings: Operations & Maintenance. In 2014, ECC received “The Outstanding Building of the Year” (TOBY) honor from the Building Owners and Managers Association (BOMA).

“This is a beautiful asset that speaks for itself,” says P3RE's Rosenblatt. “Eastman Companies has created a premier business environment that meets the demand by today's workforce to achieve greater work/life balance. We sought to capitalize on a tremendous opportunity to continue to reposition and lease-up the building, and with the continuous growth taking place in the Livingston market, we are certain the property's future potential is something we can help bring to fruition.”

Situated in the heart of the West Essex corridor, the campus is just minutes from shopping and restaurants and offers the type of walkable amenities that are generally available only to buildings located in downtown markets. In addition to a Fresh Market-anchored shopping center located directly across the street, new retail development adjacent to the property will consist of office-friendly tenants including Starbucks and Shake Shack.

“In 2008, Eastman embarked on a multimillion dollar capital improvement campaign to successfully renovate and reposition the property to meet the evolving needs of corporate tenants and a growing millennial workforce,” says Peter Schofel, managing partner with Eastman Companies. Noting that the building is approaching 100 percent occupancy, Schofel added, “We are looking forward to working with our new partners to build on this investment and further enhance the exceptional environment we have created for current and prospective tenants.”

Meridian Financing Recapitalization of Eisenhower Corporate Campus in Livingston, NJ

LIVINGSTON, NJ—Eastman Companies has recapitalized its Eisenhower Corporate Campus, 290 W. Mount Pleasant Ave., Livingston, NJ, for the second time in ten years.

Eastman's new recap partner, P3RE Properties, a Jackson, NJ-based real estate firm headed by Harvey Rosenblatt, helped Cushman & Wakefield arrange for a balance sheet lender to provide a mortgage refinancing of $50 million through Meridian Financial.

As previously reported by GlobeSt.com, in 2009, Eastman recapitalized the property with a $64.7 million financing package that included a $44.7 million adjustable rate loan provided by Wells Fargo and TD Bank, and $20.08 million in joint venture equity from Fidelity Real Estate Group.

The 385,000-square-foot Class A office complex, located at 290 W. Mount Pleasant Avenue, is owned and managed by Eastman Companies and P3RE Properties.

“As the market continues to strengthen, fully amenitized, Class A properties are benefiting the most,” says Cushman & Wakefield's David Bernhaut, who headed the assignment with team members Andrew Merin, Gary Gabriel, Brian Whitmer and Andrew MacDonald, as well as John Alascio of the commercial real estate services firm's Equity, Debt & Structured Finance group. “Harvey Rosenblatt understood the value of this truly best-in-class asset, and was able to perform a very quick due diligence and adhere to tight closing timelines in order the make this transaction a success.”

Home to a broad range of corporate tenants – including Verizon, John Hancock Life Insurance Co., Veritext and Citrin Cooperman – Eisenhower Corporate Campus is comprised of four interconnecting buildings set on 33.5 acres of exquisitely landscaped grounds.

In a region defined by class A office properties, the campus features the market's best amenity package including a full-service cafeteria with catering capabilities, 24-hour security, electric car charging stations and a 600-vehicle parking structure. On-site fitness amenities include a tenant-exclusive fitness center, personal training at It's Beyond Fitness, indoor cycling at Hills Fit Studio and appointment-only massage services from New Jersey Massage. In addition, the fully equipped Eisenhower Conference Center with a 200-seat auditorium is available for business functions ranging from small meetings to large corporate conferences.

Eisenhower Corporate Campus recently earned the LEED Silver certification for Existing Buildings: Operations & Maintenance. In 2014, ECC received “The Outstanding Building of the Year” (TOBY) honor from the Building Owners and Managers Association (BOMA).

“This is a beautiful asset that speaks for itself,” says P3RE's Rosenblatt. “Eastman Companies has created a premier business environment that meets the demand by today's workforce to achieve greater work/life balance. We sought to capitalize on a tremendous opportunity to continue to reposition and lease-up the building, and with the continuous growth taking place in the Livingston market, we are certain the property's future potential is something we can help bring to fruition.”

Situated in the heart of the West Essex corridor, the campus is just minutes from shopping and restaurants and offers the type of walkable amenities that are generally available only to buildings located in downtown markets. In addition to a Fresh Market-anchored shopping center located directly across the street, new retail development adjacent to the property will consist of office-friendly tenants including Starbucks and Shake Shack.

“In 2008, Eastman embarked on a multimillion dollar capital improvement campaign to successfully renovate and reposition the property to meet the evolving needs of corporate tenants and a growing millennial workforce,” says Peter Schofel, managing partner with Eastman Companies. Noting that the building is approaching 100 percent occupancy, Schofel added, “We are looking forward to working with our new partners to build on this investment and further enhance the exceptional environment we have created for current and prospective tenants.”