Meridian Capital Group arranged $153.8 million in senior financing and $30 million in preferred equity, totaling $183.8 million, for the purchase of the Waterfront Corporate Center office building in Hoboken, NJ, Meridian said.
The financing was arranged on behalf of David Werner Real Estate Investments, SJP Properties, and Jeremy Rieder’s Onyx Partners. Meridian’s Senior Managing Director, Drew Anderman, and Vice President, Eddie Haber, negotiated the financing.
560,000-sf 111 River Street in Hoboken is a 13-story, class-A office building with views of the Manhattan skyline.
“We are excited to have facilitated this highly accretive financing package for a best-in-class group of sponsors and are appreciative of both BMO and 3650 REIT who were incredible lending partners and worked expeditiously to close this time-sensitive acquisition,” said Anderman.