Mack-Cali Realty refinances Hoboken office tower

Mack-Cali Realty refinances Hoboken office tower

Published at: 2019-08-22 16:27 | Author: CIJ USA
Mack-Cali Realty Corporation secured $150m to refinance a class A high rise office tower situated on the Hudson River waterfront in Hoboken, New Jersey. Built in 2002, the 13-story building totals 525,778 sq ft. Tenants include John Wiley, Sumitomo Mitsui Trust Bank and Crunch Fitness. CBRE represented the borrower. The non-recourse loan was funded by Apollo Global Management through Athene Annuity & Life Assurance Company.

“The financing markets embraced this trophy asset situated on the waterfront promenade in Hoboken with unobstructed, breathtaking views of the Manhattan skyline and located steps from numerous transportation options into Manhattan. The quality of the asset, strength of sponsorship, and core location led to incredible lender demand for this loan,” said Shawn Rosenthal of CBRE.


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