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Deals & Dealmakers Office Market

BHN Associates recieves $59M financing for NJ’s Two Tower Center Boulevard

Photo by Tracy O/Flickr
Photo by Tracy O/Flickr

Cushman & Wakefield announced that it served as the exclusive advisor to an affiliate of BHN Associates LLC in arranging $58.75 million of acquisition financing secured by Two Tower Center Boulevard.

The property is a 23-story class-A, institutionally maintained office building located in East Brunswick, New Jersey. The three-year financing was provided by Basis Investment Group.

Two Tower Center is a 405,597 s/f, granite clad trophy office building with 16 office floors that sit above a parking structure.

The property is located directly off of exit 9 on the New Jersey Turnpike and has a full service dining facility, 24/7 security, covered parking, a five story atrium, and a PNC bank branch.

A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, John Spreitzer and Andre Hass, served as exclusive advisors on this transaction.

Alascio, a Cushman & Wakefield managing director, said, “Basis understood that this was a rare chance to finance such a building and facilitated a loan in an expedited time frame.”

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