HFF arranges $200M Refinancing for Newport Tower in Jersey City

via Kelly Stratton at NREI

NEW JERSEY—HFF has arranged a $200 million refinancing for Newport Tower, a 1.1 million-sq.-ft., Class A office tower in Jersey City. HFF worked exclusively on behalf of MEPT Newport Tower L.L.C., a subsidiary of Washington, D.C.-based Multi-Employer Property Trust and advised by Bentall Kennedy, to secure the seven-year, 3.5 percent fixed-rate loan through Prudential Mortgage Capital Company.

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