JLL arranges $15.35M financing for Princeton, New Jersey, office building
United States, July 30 -- JLL Capital Markets announced that it has arranged $15.35 million in financing for 500 College Road East, a four-story, 160,904-square-foot, Class A office building in Princeton, New Jersey.JLL worked on behalf of the borrower entity led by Bergman Real Estate Group, to secure the four-year, interest-only, fixed-rate loan through a life insurance company.Originally built in 1984 and renovated in 2022, Bergman has made significant upgrades to 500 College Road East through an approximately $4.0 million capital improvement program. Improvements included fully renovated common areas with updated finishes and LED lighting, a new full-service cafe and seating, upgraded fitness center with shower, an employee lounge with ...
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