NorthMarq Capital arranged $4 million mortgage for American Standard Building in Piscataway, New Jersey

American Standard Building
NEW YORK (May 20, 2013) – Ernest DesRochers and Deanna Polizzo of NorthMarq’s New York Metro office, and Greg Nalbandian of NorthMarq’s North Jersey regional office, cooperated to arranged first mortgage refinancing of $4 million for American Standard Building located in Piscataway, New Jersey. The property contains 53,250 sq. ft. of office and warehouse space and is the design center for American Standard and its several subsidiaries. The subject property is strategically located on Centennial Avenue, one mile down the street from American Standard’s World Headquarters at 1 Centennial Avenue. Financing was based on a 5-year term and 25-year amortization schedule. The loan was arranged by NorthMarq through its relationship with a regional bank. “The loan is non-recourse and open to prepayment at any time during the term of the loan,” DesRochers said.

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:

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