FLORHAM PARK—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 BASF’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.