Deutsche Bank Supplies $211M Loan for NJ Office Asset
By Andrew Coen November 17, 2021 1:46 pm
reprints
Hana Financial Group has landed a $210.7 million debt package to refinance Novo Nordisk’s North American headquarters in New Jersey.
Deutsche Bank provided the loan for Hana’s 800 Scudders Mill Road office asset in Plainsboro, N.J.
Cushman & Wakefield arranged the financing with a team that included John Alascio, Alexander Hernandez, Alex Lapidus, Meredith Donovan, Andy Merin, David Bernhaut and Frank DiTommaso.
“This asset is one of the highest-quality buildings in the market today and the continued commitment by the tenant and institutional sponsorship created competitive market terms for the refinancing,” Alascio said in a statement.
Located two miles from Princeton University, 800 Scudders Mill Road encompasses nine interconnected buildings totaling 731,104 square feet. The property is situated on a 58-acre site within the Princeton Forrestal Center.
Representatives Hana Financial Group did not immediately return a request for comment. Deutsche Bank declined to comment.
Andrew Coen can be reached at [email protected].
