{"id":1004421859,"date":"2020-04-22T23:16:36","date_gmt":"2020-04-23T07:16:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004421859"},"modified":"2025-02-26T03:22:27","modified_gmt":"2025-02-26T11:22:27","slug":"jll-closes-19m-refi-for-new-jersey-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-closes-19m-refi-for-new-jersey-office-portfolio\/","title":{"rendered":"JLL Closes $19M Refi for New Jersey Office Portfolio"},"content":{"rendered":"
\"\"<\/a>

23 Christopher Way<\/p><\/div>\n

The Donato Group has received an $18.8 million loan from Ocean First Bank to refinance a two-building, 125,700-square-foot office portfolio in Eatontown, N.J. The 10-year mortgage will be used to replace a $12.7 million portfolio loan from the same lender, according to Yardi Matrix data.<\/p>\n

JLL Senior Managing Director Michael Klein and Associate Andrew Zilenziger worked on behalf of the borrower. Located at 17 and 23 Christopher Way within the Eatontown Business Park, the assets are roughly 3 miles from the Garden State Parkway and State Route 18, two of the major north\/south regional arteries.<\/p>\n

The 80,207-square-foot, four-story building is fully leased to the U.S. Department of Veteran Affairs, while the 45,475-square-foot, single-story property is home to Industrial Controls and FirstService Residential. The Donato Group completed both buildings in 2001.<\/p>\n

Earlier this year, the same JLL brokerage team arranged a $31.1 million loan<\/a> for the acquisition and renovation of an office property in Parsippany, N.J. Prime Finance provided the three-year, floating-rate financing.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Senior Managing Director Michael Klein and Associate Andrew Zilenziger arranged the long-term loan. <\/p>\n","protected":false},"author":748,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,10,21747],"tags":[32796,34062,37489],"class_list":["post-1004421859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-northeast","category-office","tag-jll","tag-michael-klein","tag-united-states-department-of-veterans-affairs"],"acf":[],"yoast_head":"\nJLL Closes $19M Refi for New Jersey Office Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jll-closes-19m-refi-for-new-jersey-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Closes $19M Refi for New Jersey Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"Senior Managing Director Michael Klein and Associate Andrew Zilenziger arranged the long-term loan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-closes-19m-refi-for-new-jersey-office-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-23T07:16:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T11:22:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-closes-19m-refi-for-new-jersey-office-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jll-closes-19m-refi-for-new-jersey-office-portfolio\/\",\"name\":\"JLL Closes $19M Refi for New Jersey Office Portfolio - 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