HFF arranges recapitalization of Greenbrook Executive Center

March 18, 2019
Press Releases
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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.

Firm scores loans to buy out office building partner

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