Cushman & Wakefield Arranges $18 Million Senior Mortgage Financing for 750 College Road East, Princ

NEW YORK - Oct. 2, 2014 - PRLog -- Cushman & Wakefield announced today that it served as the exclusive advisor to an affiliate of ML7 in arranging an $18 million loan secured by the 750 College Road East, a class-A office building located in Princeton, New Jersey. The non-recourse, three-year, floating rate financing was provided by Square Mile Capital Management LLC.

The 100,000-square-foot, three-story office building, which is situated in the prestigious Forrestal Center Office Park in Princeton, was built in 2001. 750 College Road East is located three miles from Princeton University’s primary campus. The building is fully leased to two tenants and is surrounded by a host of amenities including restaurants and parks.

A Cushman & Wakefield Equity, Debt and Structured Finance team of Gideon Gil, Sridhar Vankayala and Alex Lapidus represented an affiliate of ML7.

“ML7 created significant value by leasing up the building to full occupancy. Square Mile provided a creative funding solution to get the new tenants moved in and through their free rent periods,” noted Gideon Gil, a Cushman & Wakefield Managing Director.

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Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and management assignments. Founded in 1917, it has approximately 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has nearly $4 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge