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CBRE completes $15M suburban office building transaction

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The Saddle Brook office of Los Angeles-based CBRE Group Inc. announced Tuesday it has completed a $15 million transaction in Englewood Cliffs.

CBRE arranged financing for 560 Sylvan Avenue, a 170,351-square-foot office building.

According to the announcement, its debt and equity finance group secured a $15 million fixed rate loan to refinance existing debt. The loan has a 10-year term with a 25-year amortization schedule.

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