The building, which was renovated in 2015, is 71.5% occupied with tenants subject to leases with a weighted average 8.2 years remaining on their agreements. Signature actually paid less than $51.76 million as it received an $11.3 million credit to ...
Signature Acquisitions has paid $51.76 million, or $110.57/sf, for the 468,049-square-foot 500 Plaza Drive office property in Secaucus, N.J. The Cranford, N.J., investor lined up $38 million of senior financing from Oak Funding of Jersey City, N.J., for its purchase.
REBusiness Online The Children's Place has renewed its lease for 120,000 square feet at 500 Plaza Drive, a 466,946-sf office building in Secaucus, N.J. Manulife Investment Management of Toronto owns the property and was represented in the lease renewal by ...
77 percent leased. The property had served as collateral for $24 million of CMBS financing that was securitized through Merrill Lynch Mortgage Trust, 2004-KEY2, that had defaulted in 2012. A year later, the collateral was taken through foreclosure and eventually ...
fully occupied.
fully leased.
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