PCCP Provides $29.7M Acquisition Loan for New Jersey Office Campus

BRIDGEWATER, N.J. — PCCP LLC has provided a $29.7 million senior loan to American Real Estate Partners and Silverpeak Real Estate Partners for the acquisition and lease-up of CenterPointe at Bridgewater in Bridgewater. The joint venture plans to implement a $2.7 million capital improvement plan for the renovation of one building and improvements and cosmetic enhancements for the remaining three buildings. The four-building campus offers 332,000 square feet of Class A office space.