ROCHELLE PARK, N.J. — Houlihan-Parnes Realtors has arranged a $14 million first mortgage on a five-story office building located at 218 Route 17 North in Rochelle Park. The loan includes a fixed-rate portion and provides a line of credit at a floating rate for build-outs. Located on the southeast corner of Route 17 North and West Passaic Street, the property was acquired by members of Houlihan-Parnes Realtors in 2002. Recently, Bergen County Social Services signed a lease to occupy 55,000 square feet at the 103,605-square-foot office building. Andrew Greenspan, James Houlihan and Meghan McEvoy of Houlihan-Parnes arranged the financing. Elizabeth Smith of Goldberg, Weprin, Finkel, Goldstein LLP represented the borrower, while Raymond Cohen of Chicago Title Insurance provided the title. GHP Office Realty LLC, an affiliate of Houlihan-Parnes Realtors, manages the building.
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