Berman secures financing for Windsor Corporate Park.

James Gunning, seniordirector and Donna Falzarano, vice president of CBRE I Melody's New Jersey office arranged $30.8 million in debt and $4.2 million in equity for Windsor Corporate Park located in East Windsor, New Jersey.

The loan was secured on behalf of Berman Development Co. LLC and funding was provided by a Wall Street Conduit and Public REIT.

The 287,065 s/f property is a Class A office complex consisting of four connected buildings at 50 Millstone Road near the intersection of Old Trenton Road (Route 535).

This superior location is strategically placed mid-way between New York and Philadelphia, offering excellent accessibility via Exit 8 of the NJ Turnpike. Additionally, Windsor Corporate Park is just minutes away from the Route 1 Corridor and Princeton via Route 571.

The financing package includes a 10 year term with a 30 year amortization at a 5.63% interest rate.

CBRE I Melody provided acquisition debt financing on behalf of Berman Development Co. LLC and also facilitated an equity placement.

Gunning commented, "The deal presented a challenge for all investors, since new leasing was ongoing from the contract's inception through closing. The debt and equity placements were performed simultaneous with the sale transaction.

"The lender offered a flexible structure where the borrower received excellent terms and deal execution from the debt and equity investors."