NEW JERSEY—Fairfield-based Accordia Realty Ventures L.L.C. has successfully refinanced the first mortgage loans on two of its assets, Greenbrook Executive Center and River Drive Center II.
The financing for Greenbrook Executive Center, a 200,000-sq.-ft, Class A office building in Fairfield, was restructured directly with Oak Ridge-based Lakeland Bank.
At River Drive Center II, Allstate Life Insurance Company renewed its loan on the 83,000-sq.-ft. office building in Elmwood Park. Holiday Fenoglio Fowler’s Los Angeles office represented Accordia Realty in this transaction.
“We have been very successful with our refinancing efforts in large part due to our long-term relationships,” said Joseph Romano, Accordia Realty principal. “The lending community recognizes the quality behind Accordia Realty assets – the very positive leasing velocity, high-level management, and maintained value demonstrated at our properties.”