FLORHAM PARKâ€”Holliday Fenoglio Fowler has arranged a $49.1 million construction loan for 175 Park Avenue, a 280,000-sq.-ft. office development preleased to Realogy Corporation in Madison.
Working exclusively on behalf of The Hampshire Companies, HFF placed the loan with US Bank and M&T Bank. HFF secured US Bank to be the lead agent and brought in M&T to participate in the loan.
175 Park Avenue is located near State Route 24 and Interstate 287 adjacent to BASFâ€™s new North American headquarters and the headquarters for the New York Jets. The building will be built to LEED standards and will feature a range of amenities including a fitness center, full-service cafe and conference/team room facilities. Realogy Corporation is a global provider of real estate and relocation services.
The HFF team representing The Hampshire Companies was led by senior managing director Jon Mikula and director Michael Klein.