Real estate company Holliday Fenoglio Fowler LP has announced the $8.8 million refinancing of 4 Industrial Way W. in Eatontown.
The HFF team, including Managing Director Michael Klein, worked on behalf of The Donato Group, which has owned and operated the property since 1988 when the company originally developed it.
The fixed-rate, seven-year loan was provided by First Bank. The Hamilton-based financial institution was represented by Senior Vice President Terrance Howard, who is also a market executive in First Bank’s commercial lending group.
The 79,258-square-foot office building is 98 percent leased to nine tenants, including Wayside Technology Group Inc., Clinilabs Inc. and The Memory Enhancement Center of America.
HFF has a New Jersey office in Florham Park.