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New York & Tri-State  + New Jersey  + Office  | 
Meridian Capital Arranges $183M NJ Office Center Financing

Meridian Capital Arranges $183M NJ Office Center Financing

Meridian Capital Group arranged $153.8 million in senior financing and $30 million in preferred equity, totaling $183.8 million, for the purchase of the Waterfront Corporate Center office building in Hoboken, NJ, Meridian said.

The financing was arranged on behalf of David Werner Real Estate Investments, SJP Properties, and Jeremy Rieder’s Onyx Partners. Meridian’s Senior Managing Director, Drew Anderman, and Vice President, Eddie Haber, negotiated the financing. 

560,000-sf 111 River Street in Hoboken is a 13-story, class-A office building with views of the Manhattan skyline.

“We are excited to have facilitated this highly accretive financing package for a best-in-class group of sponsors and are appreciative of both BMO and 3650 REIT who were incredible lending partners and worked expeditiously to close this time-sensitive acquisition,” said Anderman.

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Drew AndermanEddie HaberSJP Properties Onyx Partners

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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