Deutsche Bank Supplies $211M Loan for NJ Office Asset
By Andrew Coen November 17, 2021 1:46 pm
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Hana Financial Group has landed a $210.7 million debt package to refinance Novo Nordisk’s North American headquarters in New Jersey.
Deutsche Bank (DB) provided the loan for Hana’s 800 Scudders Mill Road office asset in Plainsboro, N.J.
Cushman & Wakefield (CWK) arranged the financing with a team that included John Alascio, Alexander Hernandez, Alex Lapidus, Meredith Donovan, Andy Merin, David Bernhaut and Frank DiTommaso.
“This asset is one of the highest-quality buildings in the market today and the continued commitment by the tenant and institutional sponsorship created competitive market terms for the refinancing,” Alascio said in a statement.
Located two miles from Princeton University, 800 Scudders Mill Road encompasses nine interconnected buildings totaling 731,104 square feet. The property is situated on a 58-acre site within the Princeton Forrestal Center.
Representatives Hana Financial Group did not immediately return a request for comment. Deutsche Bank declined to comment.
Andrew Coen can be reached at acoen@commercialobserver.com.
