WARREN, NJ- LJ Melody & Co., the Saddle Brook, NJ-based real estate banking arm of CB Richard Ellis, arranged $5.9 million in permanent financing for Watchung Hills Office Center, a newly constructed building on 7.5 acres near I-78 here. The property is a 39,341-sf, three-building colonial-style development.

Artesia Mortgage Capital provided the funding on behalf of the owner of the building, Stirling Square LLC, a local partnership. James Gunning, a senior director in LJ Melody’s New Jersey office, arranged the transaction. Details of the financing were not disclosed.

Watchung Hills Office Center is 100% occupied by professional tenants, including the headquarters of the Horizon Group. Other tenants include the Learning Experience, an 11,000-sf childcare center and two medical users.

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