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**Deutsche Bank Lends $22.5M on Rochelle Park Office Asset**
Cushman & Wakefield has arranged a $22.5 million refinancing loan for 365 West Passaic Street, a 218,500-square-foot office property located in Rochelle Park, New Jersey. The Bergman Real Estate Group secured the five-year, fixed-rate financing from Deutsche Bank.
Cushman & Wakefield’s Brian Anderson and Eddie Miro served as exclusive advisors to the borrower.
“365 West Passaic is a standout office building with a strong tenant mix and incredible location right across from Garden State Plaza,” said Anderson. “Securing this refinancing was a great team effort, and we’re excited to see the property continue its momentum, especially as demand for high-quality office space in suburban New Jersey continues to grow.”
The five-story building features a full-height atrium lobby, a full-service café with seating, two elevator banks, and ample surface parking. Its flexible floor plates allow for tenant accommodations ranging from 1,000 to 50,000 square feet.
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