HFF Secures $13.6M Refinancing for Claremont Corporate Center

NEW JERSEY—HFF has secured a $13.6 million refinancing for Claremont Corporate Center, a 41,982-sq.-ft., Class A office building in Summit.

The HFF team representing the borrower was led by Senior Managing Director Jon Mikula.

HFF arranged the financing on behalf of Claremont Corporate Center LLC. Cantor Commercial Real Estate provided the 10-year, fixed-rate loan. Proceeds were used to refinance a construction/permanent loan previously arranged by HFF in 2008.

Located at 535 Springfield Avenue in Summit, Claremont Corporate Center is approximately 22 miles west of Manhattan. Completed in 2010, the center is 100 percent occupied by five tenants and is within walking distance of a commuter train station.

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