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BRANCHBURG, NJ-Normandy Realty Partners LLC has secured a $9.8 million bridge loan for the 91,719-sf Branchburg Center, located at 3040 Route 22 West here. The financing, which was provided by a commercial bank based in New England, was arranged by James Gunning and Donna Falzarano of CB Richard Ellis Debt & Equity Finance.

“The borrower secured prepayment flexibility and an attractive spread to float over LIBOR,” Gunning said in a company statement. “This will make a recapitalization to long-term financing more efficient once the property is fully stabilized and the credit markets recover.”

Branchburg Center is a two-story building bordering Routes 22, 614 and 679 and located less than five minutes from I-78 and 287. The property, which was renovated in 2002, boasts a 2,100-sf cafeteria, and is home to Hewlett Packard and Ortho Biotech. At the time of financing, the property was 85% occupied. Calls seeking further comment were not returned as of press time.

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