PRINCETON, NJ-Denver-based REIT Dividend Capital Total RealtyTrust has secured $35 million of fixed-rate financing on 1100Campus Rd., a local office property that it had previously acquiredin November 2009 for around $51 million in an all-cashtransaction.


The property, which is part of the Corporate Campus at the800,000-square-foot master-planned officedevelopment Princeton Forrestal Village, is leased to NovoNordisk, a healthcare company that manufactures and marketsdiabetes care products worldwide, with 13 years remaining on thelease term.


The financing proceeds, provided by a life insurance company,should give Dividend the ability to redeploy the capital at a timewhen commercial real estate property prices are lower. "ThePrinceton financing shows the strength of this property as well asour balance sheet and gives us a great opportunity to makeadditional investments that should be beneficial to the company andits investment strategy," Dividend Capital president Guy Arnoldsaid in a statement.

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