NorthMarq Capital arranges $7.2 million refinancing for 25 Lindsley Drive in Morristown, New Jersey
25 Lindsley Drive
NEW YORK (July 8, 2016) – Gregory Nalbandian, managing director of NorthMarq Capital’s New Jersey-based regional office, and Robert Delitsky, managing director of NorthMarq Capital’s Manhattan-based office worked in partnership to arrange a $7,200,000 refinancing at 25 Lindsley Drive, Morristown, New Jersey. Malvern Federal Bank, headquartered in Paoli, Pennsylvania, provided the five year fixed rate loan for the suburban, three-story office and medical complex referred to as The Governor Morris Office Center. The current owners, Lindsley Drive Associates, LLC, acquired the 76,308 sq. ft. asset in 2005. “We are thrilled that Malvern Federal shared the same vision about 25 Lindsley Drive with ownership and provided a superior structure,” Delitsky said. Nalbandian further noted “Malvern Federal was the perfect community bank to refinance this strategic asset given their New Jersey lending headquarters are located here in Morristown and their strong desire to increase exposure in their backyard.”
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
