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Korean investors refinance NJ trophy with $210M from Deutsche Bank

Hana Financial has refinanced the trophy headquarters of Novo Nordisk in Jersey with a $210 million loan from Deutsche Bank.

Cushman & Wakefield announced that it served as the exclusive advisor to Hana Financial Group, Inc. in the procurement of $210,667,000 for the refinancing of 800 Scudders Mill Road, Plainsboro, NJ, which serves as the North American headquarters of the Danish multinational pharmaceutical company.

A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Alexander Hernandez, Alex Lapidus and Meredith Donovan and Capital Markets team of Andy Merin, David Bernhaut and Frank DiTommaso represented Hana Financial Group, Inc.

“This asset is one of the highest quality buildings in the market today and the continued commitment by the tenant and institutional sponsorship created competitive market terms for the refinancing,” said Alascio.

800 Scudders Mill Road is an award-winning trophy asset consisting of nine interconnected buildings totaling 731,104 square feet. The property is situated on a 58-acre site within the prestigious Princeton Forrestal Center.

Hana led a consortium of South Korean investors which acquired the property for $305 million in 2016.

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