CBRE SECURES $33 MILLION OFFICE ACQUISITION LOAN

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PARSIPPANY, N.J. — CB Richard Ellis (CBRE) Capital Markets has arranged a $33 million acquisition loan for 100 Kimball Drive, a Class A office property located in Parsippany. The 175,000-square-foot building is fully leased to Deloitte. The financing carries a 5.25 percent fixed interest rate, 10-year term and a 30-year amortization schedule. The borrower was CBRE Realty Trust. James Gunning and Donna Falzarano of CBRE's New Jersey office partnered with John Clifford and Keith Huizinga of the firm's Chicago office to arrange the loan.

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