Signature Office Portfolio

Location: New York, NY
Type: Office
Price: $89,769,000

SMC has provided an $89,769,000 ten-year cash-neutral refinance of Signature Office Portfolio, a two property, 87% occupied Class A office portfolio totaling 469,901 SF and located in the greater New York-New Jersey metropolitan area. The Properties include Hauppauge Office Park, a three-building, 281,954 SF, 89.8% occupied office campus located in Hauppauge, NY, approximately 40 miles east of NYC and 20 Commerce, a 187,947 SF, 82.2% occupied office building located in Cranford, NJ, approximately 20 miles southwest of NYC. The Properties both contain lobby areas with double or triple-height ceilings, floor-to-ceiling or expansive glass windows that offer strong light and air, high-quality interior finishes, and strong amenity packages.