Real Estate

"A Premier Office Building:" 2 Tower Center Acquired for $59 Million

EAST BRUNSWICK – Cushman & Wakefield announced today that it served as the exclusive advisor to an affiliate of BHN Associates LLC in arranging $58.75 million of acquisition financing secured by Two Tower Center Boulevard. The property is a 23-story class-A, institutionally maintained office building located in East Brunswick, New Jersey. The three-year financing was provided by Basis Investment Group.

Two Tower Center is a 405,597 square foot, granite clad trophy office building with 16 office floors that sit above a parking structure. The property is located directly off of exit 9 on the New Jersey Turnpike and has unparalleled views and the best in class amenities including a full service dining facility, 24/7 security, covered parking, a five story atrium, and a PNC bank branch. Additionally, the property is adjacent to a 405 room Hilton Hotel which has a full service restaurant, convention space, and spa.

“This is considered the premier office building in this submarket. The property benefits from unparalleled recognition and access off of the New Jersey Turnpike and as such offered a lender a combination of diverse tenancy with credit and term to support the loan request,” said Mr. Alascio, a Cushman & Wakefield Managing Director. “Basis understood that this was a rare chance to finance such a building and facilitated a loan in an expedited time frame where other lenders could not meet the request and working needs of BHN.”

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About Cushman & Wakefield

Cushman & Wakefield is a global leader in commercial real estate services, helping clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services (branded C&W Services), global occupier services, investment management (branded DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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