NORWALK, CT-CIBC World Markets has provided $150 million in financing for Merritt 7, a six-building, 1.4 million-square-foot, class A office park here, in a deal arranged by HFF. Loan proceeds were used to refinance maturing debt on the property, which is owned by a separate account managed by Clarion Partners.

The HFF team representing the borrower was led by senior managing director Riaz Cassum and director Lauren O’Neil Goff. “Merritt 7 is one of the most successful office parks in southern Connecticut, as evidenced by its performance track record throughout multiple business cycles,” Cassum says. “Needless to say, this opportunity received great interest from across the lending community. CIBC offered competitive terms and executed flawlessly.” 

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