Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MORRIS PLAINS, NJ-Permanent fixed-rate financing in the amount of $4.5 million has been set for 200 American Rd., a 46,000-sf building here. The lender, GE Business Asset Funding, provided a 12-month forward mortgage loan commitment pending completion of construction of the asset and installation of the tenant.

The funding was arranged on behalf of the borrower by Timothy Harwood, director, in LJ Melody’s Connecticut office. The borrower was identified by LJ Melody, the real estate banking arm of CB Richard Ellis, only as a Westchester County, NY-based developer.

The new asset is a flex building situated on a five-acre site within American Enterprise Park, a business park that has been under ongoing development since the early 1980s. The property was fully pre-leased to an affiliate of Atlantic Health System, one of the largest healthcare systems in New Jersey.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.