HFF arranges recapitalization of Greenbrook Executive Center

March 18, 2019
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February 12, 2019 11:51 am

Holliday Fenoglio Fowler LP announced it has arranged the recapitalization of Greenbrook Executive Center, a 203,028-square-foot office building in

Greenbrook Executive Center, 100 Passaic Ave., Fairfield.

Fairfield.

HFF worked on behalf of the borrower, Accordia Realty Ventures to recapitalize the asset with a $22.425 million, 10-year securitized loan with Silverpeak Argentic, and a $4.575 million, 10-year mezzanine loan with Morrison Street Capital totaling $27 million in loan proceeds.

This provided Accordia with the flexibility to buy out their institutional equity partner, Guggenheim Real Estate, who they have owned the asset with since 2006.

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