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Debt & Equity

Normandy borrows $83M

Holliday Fenoglio Fowler, L.P. (HFF) arranged an $83.45 million refinancing for a portfolio of office assets totaling 14 buildings and 946,374 s/f in New Jersey and Massachusetts.

HFF worked on behalf of the borrower, Normandy Real Estate Partners, to secure the floating-rate loan with JP Morgan Chase & Company and Rialto Capital.

The properties include 20 & 25 Independence Boulevard in Warren, NJ, and 999 Frontier Road in Bridgewater, NJ.

The HFF debt placement team representing the borrower was led by senior managing directors Jon Mikula and Riaz Cassum and managing director Porter Terry.

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