1 Independence Way in South Brunswick — Courtesy: HFF
By Joshua Burd
The owner of a 114,000-square-foot office building just outside Princeton has refinanced the property for $14.5 million, brokers with HFF said Wednesday.
Working on behalf of the borrower, Normandy Real Estate Partners, HFF announced the refinancing for the property at 1 Independence Way in South Brunswick. The brokers secured the 10-year, fixed-rate securitized loan through LoanCore Capital.
The HFF debt placement team included Senior Managing Director Jon Mikula and Associate Matthew Pizzolato, who touted the building’s location just north of Princeton University off Route 1. The office building was completed in the 1980s and is fully leased to S&P Global and ALK Technologies Inc.