The refinancing package will be used by Woodbridge Enterprises,an entity controlled by the Amerex principals, to pay off presentdebt and to provide capital for strategic acquisitions. The groupis also considering building an unrelated 200,000-sf building on anearby site, according to officials.

The transaction is indicative "of the growing trend for mortgagebankers to work with large corporations to structure and placecommercial and industrial loans for the properties they own,"according to Richard Koch, senior vice president of the Millburn,NJ-based Goldman organization.

"Rather than limiting themselves to dealing strictly with theirtraditional sources, such as the commercial banks, these companiesare now showing a willingness to go beyond their traditionalclientele to broaden their access to capital," Koch continues."These companies have a variety of financing needs, and mortgagebankers have the tools to service them."

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