
Cushman & Wakefield served as the exclusive advisor to the Bergman Real Estate Group in arranging a $22,500,000 loan to refinance 365 W. Passaic St., a 218,500-square-foot office asset in Rochelle Park, NJ. The five-year, fixed-rate loan was provided by Deutsche Bank, with Cushman & Wakefield’s Brian Anderson and Eddie Miro advising the borrower.
“365 West Passaic is a standout office building with a strong tenant mix and incredible location right across from Garden State Plaza,” said Anderson. “Securing this refinancing was a great team effort, and we’re excited to see the property continue its momentum, especially as demand for high-quality office space in suburban New Jersey continues to grow.”
Rising five stories, 365 W. Passaic St. features a full-height atrium lobby, a full-service café with seating, two elevator banks, and ample surface parking. Flexible floor plates accommodate tenant requirements ranging from 1,000 to 50,000 square feet.
The post Deutsche Bank Lends on Rochelle Park Office Asset appeared first on Connect CRE.