Friday, November 26, 2010

Class A office development in Woodbridge, NJ receives $20.4 million in construction financing arranged by HFF


FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $20.4 million construction loan for Centra at Metropark (top left rendering), a to-be-built, 105,000-square-foot Class A office building in Woodbridge, New Jersey.

HFF senior managing director Jon Mikula (middle right photo) and director Michael Klein (lower left photo) worked exclusively on behalf of The Hampshire Companies to secure the three-year construction loan through US Bank.

 Due for completion in mid-2011, the four-story LEED certified property will feature a café, fitness center, conference center and common area lounge. 

The building was designed by the renowned architectural firm Kohn Pederson Fox.  Centra at Metropark is the first phase of a four-phase development that upon build-out will include four Class A office buildings plus two parking garages. 

The property is located at 186 Wood Avenue, across the street from the Woodbridge Hilton within the MetroPark office complex close to the Garden State Parkway in Woodbridge. 

“Centra at Metropark has an excellent location close to numerous highways and is situated in one of only three markets in New Jersey that offers mass transportation within walking distance,” said Mikula.

The Hampshire Companies is a full-service, private real estate firm with equity in assets valued at more than $2 billion, based in Morristown, New Jersey.

The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments

Contacts:                    
Jon Mikula, HFF Senior Managing Director, (973) 549-2000, jmikula@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500
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