Cushman & Wakefield Arranges Recapitalization of Metro Park South in Matawan

On Sep 15, 2014

Cushman & Wakefield announced today that it served as the exclusive advisor to an affiliate of Denholtz Associates in arranging the recapitalization of Metro Park South, located at 100 Matawan Road in Matawan, New Jersey.  The $20.7 million transaction involved securing joint venture equity from Palatine Capital Partners.

Metro Park South is a five-story, 132,000-square-foot institutional quality office building located in one of the fastest growing regions in New Jersey. The state-of-the art office building offers first-class amenities and a striking, modern interior. Metro Park South is situated at Exit 120 on the Garden State Parkway and is within minutes of the NJ Turnpike, Routes 1 & 9 and Interstate 287. The property boasts a diverse tenant base in a variety of industries.

A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Chris Moyer, John Spreitzer and Suraj Ravi, served as exclusive advisor to Denholtz Associates.

“The consummation of this new joint venture is a testament to growing institutional investor demand for high-quality assets at below replacement costs with experienced sponsors in the suburban New Jersey office market,” said Alascio, Managing Director.

Related Articles: