$47M Refi Repays Construction, TI Costs

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PARSIPPANY, NJ-Holliday Fenoglio Fowler LP arranged a $47-million refinancing for 100 Kimball Dr. here on behalf of a partnership comprised of JPMorgan Asset Management, Mack-Cali Realty Corp. and the Hampshire Cos. HFF senior managing directors Jon Mikula and Whit Wilcox worked exclusively to place the five-year fixed-rate loan with the Union Labor Life Insurance Co.

The loan will be used to repay construction costs and pay tenant improvements and leasing commissions. Located in the center of Morris County office complex at the intersection of Interstates 80 and 287, 100 Kimball Rd. is a 175,000-sf class A office building.

The building was completed in the first quarter of 2007 and is managed and leased by Gale Real Estate Services Co. 100 Kimball Dr.’s primary tenant is Deloitte & Touche, which signed a lease for 91% of the building.