(Read more on the debt and equitymarkets.)
WEST ORANGE, NJ-Private investor group 347 Mt. Pleasant LLC hasobtained $6.5 million in acquisition financing to complete itspurchase of 347 Mount Pleasant Ave., a 50,000-sf office buildinghere. The deal was arranged by Tom Didio, senior managing director,and associate Michael Klein of the Florham Park office of HollidayFenoglio Fowler, in tandem with managing director Evan Pariser ofthe firm's New York office.
The two-year, adjustable-rate securitized loan was provided byconduit lender Dillon Read Capital Management. Besides theproperty's acquisition, the proceeds will be applied to renovatingand completing the lease-up of the building.
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