NEW YORK—Working on behalf of New York-based RXR Realty, HFF has secured $95 million in financing for 1 University Square Drive and 100, 104 and 155 Campus Drive, all located within the University Square office complex in West Windsor, N.J. HFF’s Michael Tepedino, senior managing director, led the HFF team.
HFF placed two floating-rate loans with Bank of America for the properties, which total 465,563 sq. ft. of space. An $80 million loan was arranged for 1 University Square Drive and a $15 million loan was arranged for 100, 104 and 115 Campus Drive.
Located in close proximity to Princeton University, the Princeton Junction train station and Interstates 95, 195 and 295, University Square includes such tenants as Axis Reinsurance, BlackRock, mercer and Otsuka Pharmaceutical.