"Having bought the property vacant only four years ago, the sponsorship had a vision that no one else saw—the concept of the 'Metroburb,' an urban oasis in a suburban setting. In an incredibly short period, sponsorship leased nearly 1.4 million square feet of office and retail space," Meridian Capital's Anderman says.

He adds that with Bell Works nearly 100% leased, the refinance deal allows the sponsorship to finish building-wide capital improvements, fund tenant improvements and leasing commissions and pay off existing debt.

The redeveloped property features technology tenants iCIMS and WorkWave, as well as other credit tenants such as Guardian Life Insurance and Jersey Central Power & Light.

The property is comprised of four separate six-story buildings connected via open space walkways and a grand pavilion. The ground floor, known as "The Block," features shops and restaurants for building tenants and the neighboring community. Bell Works is located on 236 acres and features more than 4,000 parking spaces.