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.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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