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.”
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.