Tuesday, October 4, 2022
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City: Bridgewater

55 Corporate Drive

AVG Partners has paid $261 million, or nearly $387/sf, for 55 Corporate Drive, a 675,000-square-foot office complex in Bridgewater, N.J., that houses Sanofi US Services Inc.'s headquarters. The Beverly Hills, Calif., company, which specializes in properties that are triple-net leased ...

77 Corporate Drive

59 percent leased. Bridge Investment Group has provided a $28.8 million mortgage to help fund Legacy's purchase. Phillips Realty Capital arranged the loan for Legacy Investing, which is led by Jay Rappaport, former chief operating officer of AOL Inc.

55 Corporate Drive

When Inland bought the property, it had assumed $190 million of debt that was securitized through Greenwich Capital Commercial Funding Corp., 2006-GG7. The loan requires only interest payments through its term, which ends in 2015, and carries a rate of ...

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