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JLL Arranges Refi on Eatontown Offices
JLL Capital Markets arranged a $9 million refinancing for Meridian Center II, a Class A office building in Eatontown, NJ within the 2.3-million-square-foot Eatontown Business Park. A JLL team of Michael Klein, Max Custer and Gerard Quinn worked on behalf of the borrower, The Donato Group, to secure the loan through TIAA Bank.
The 80,188-square-foot building, known as Meridian Center II, sits on 4.6 acres and is currently 92% occupied by a mix of technology, defense and healthcare-related tenants. The Donato Group has made significant improvements to the property, which was originally constructed in 1988, over the past three years.
“We are grateful for the opportunity to represent The Donato Group once again,” said Klein. “TIAA provided the borrower with very attractive deal terms and a highly competitive rate.”
- ◦Financing
