Short Hills, NJ

$32,500,000 First Mortgage

In April 2021, a 32.5 million first-lien acquisition loan was provided for a 250,000-square-foot suburban office property located at 150 John F. Kennedy Parkway in Short Hills, New Jersey. The asset was acquired at 52% occupancy and presented a value-add opportunity to renovate and stabilize the property through increased leasing and rental growth.

The property is located in one of New Jersey’s most affluent suburban office markets, near the residential communities of Short Hills, Summit, Madison, and Morristown. The area benefits from strong corporate demand, an executive workforce, and excellent regional accessibility, supporting long-term office fundamentals.