{"id":1004596901,"date":"2022-08-12T03:52:14","date_gmt":"2022-08-12T11:52:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004596901"},"modified":"2022-12-08T02:36:44","modified_gmt":"2022-12-08T10:36:44","slug":"alfred-sanzari-scores-32m-for-2-nyc-area-office-buildings","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/alfred-sanzari-scores-32m-for-2-nyc-area-office-buildings\/","title":{"rendered":"Alfred Sanzari Refinances 2 NYC-Area Office Buildings"},"content":{"rendered":"
\"\"<\/a>

Glenpointe Centre East and The Atrium at Glenpointe. Image courtesy of JLL<\/p><\/div>\n

Alfred Sanzari Enterprises<\/strong> has secured a $32 million loan for two Class A office buildings in Teaneck, N.J. JLL Capital Markets<\/strong> arranged the 10-year, fixed-rate loan for Glenpointe Centre East and Atrium at Glenpointe on behalf of the owner. The deal was secured through Securian Asset Management<\/strong> and involved funds from Minnesota Life Insurance Co<\/strong>.<\/p>\n

The transaction replaced previous debt, a $30.3 million loan from Massachusetts Mutual Life Insurance Co., according to CommercialEdge data. The note expired earlier this month.<\/p>\n

Completed in 1982, the properties are part of the 50-acre Glenpointe mixed-use campus. Glenpointe Centre East has 240,000 square feet of Class A office space in a seven-story building, while Atrium at Glenpointe is a two-story property with 80,000 square feet of office space. Both assets share the campus\u2019 amenities, including the 26,000-square-foot Glenpointe Fitness, a health club and spa, 730 surface parking spaces and a four-level parking garage.<\/p>\n

\n

READ ALSO:<\/strong> Why Every CRE Borrower Should Know a Debt Fund<\/a><\/p>\n

\n

The buildings are located at 300-400 Frank W. Burr Blvd. in Northern New Jersey\u2019s Bergen County, with nearby access to interstates 80 and 95, Garden State Parkway and the NY State Thruway. Teaneck Creek Conservancy is less than a mile west, while Teterboro Airport is some 4 miles in the same direction. Downtown Manhattan is some 11 miles southeast.<\/p>\n

The JLL team that represented the borrower comprised Senior Managing Director Thomas Didio, Senior Director Thomas Didio Jr. and Analyst Salvatore Buzzerio. Earlier this month, another JLL Capital Markets team represented American Real Estate Partners in the sale of a 250,000-square-foot office building<\/a> in Northern New Jersey.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL Capital Markets arranged the 10-year, fixed-rate note from Minnesota Life Insurance Co.<\/p>\n","protected":false},"author":3142,"featured_media":1004596903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1600,21742,10,21747],"tags":[40324,32796,33442],"class_list":["post-1004596901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-new-york","category-latest","category-northeast","category-office","tag-alfred-sanzari-enterprises","tag-jll","tag-thomas-didio"],"acf":[],"yoast_head":"\nAlfred Sanzari Refinances 2 NYC-Area Office Buildings - CPE<\/title>\n<meta name=\"description\" content=\"JLL arranged the loan for Glenpointe Centre East and Atrium at Glenpointe, two office buildings within Glenpointe campus in Teaneck, N.J.\" \/>\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\/alfred-sanzari-scores-32m-for-2-nyc-area-office-buildings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alfred Sanzari Refinances 2 NYC-Area Office Buildings\" \/>\n<meta property=\"og:description\" content=\"JLL arranged the loan for Glenpointe Centre East and Atrium at Glenpointe, two office buildings within Glenpointe campus in Teaneck, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/alfred-sanzari-scores-32m-for-2-nyc-area-office-buildings\/\" \/>\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=\"2022-08-12T11:52:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T10:36:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/Glenpointe-Centre-East-and-The-Atrium-at-Glenpointe.-Image-courtesy-of-JLL-e1660298683536.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anda Rosu\" \/>\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\/alfred-sanzari-scores-32m-for-2-nyc-area-office-buildings\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/alfred-sanzari-scores-32m-for-2-nyc-area-office-buildings\/\",\"name\":\"Alfred Sanzari Refinances 2 NYC-Area Office Buildings - 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