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Deutsche Bank Lends on Rochelle Park Office Asset
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.
- ◦Financing
