The transaction was arranged by the Millburn, NJ office of M. Robert Goldman & Co. The 10-year loan is being used by the borrower for an expansion of the asset, as well as for general capital improvements, according to Richard Koch, SVP of the Goldman firm, who placed the structured the financing. The loan was placed with a Wall Street lender that MRG-NJ represents as a preferred originator.

Regency Plaza's first phase consists of two buildings totaling just over 24,400 sf. The phase-two expansion, completed a year ago, added 7,200 sf of space and 44 parking spaces to the property. The major tenants are a CVS pharmacy and a FleetBoston bank branch.

Borrower Regency Plaza LLC is comprised of several investors managed by Florham Realty Group. M. Robert Goldman & Co., a commercial mortgage banker, is based in Great Neck, NY and has a servicing portfolio of more than $600 million.