MADISON, N.J. — A 280,000-sfoot building is being constructed in Madison, N.J. to serve as the headquarters of Realogy, the parent company of Century 21, ERA, Coldwell Banker and Better Homes & Gardens.
Realogy, one of the biggest names in residential real estate, has a total 253,000 sales associates doing business in 101 countries around the world under its various brands. The company is owned by Apollo Management.
HFF announced that it has arranged a $49.1 million construction loan for the building, located at 175 Park Avenue, in Madison, New Jersey.
Working exclusively on behalf of The Hampshire Companies, HFF placed the loan with US Bank and M&T Bank. HFF secured US Bank to be the lead agent and brought in M&T to participate in the loan.
175 Park Avenue is located near State Route 24 and Interstate 287 adjacent to BASF’s new North American headquarters and the headquarters for the New York Jets. The building will be built to LEED standards and will feature a full range of amenities including a fitness center, full-service cafe, and conference / team room facilities.
The HFF team representing The Hampshire Companies was led by senior managing director Jon Mikula and director Michael Klein.
The Hampshire Companies is a full-service, private real estate firm with equity in assets valued at more than $2.5 billion, based in Morristown, New Jersey.
Realogy has pre-leased the building.