Korean investors refinance NJ trophy with $210M from Deutsche Bank


Hana Financial has refinanced the trophy headquarters of
Novo Nordisk in Jersey with a $210 million loan from Deutsche Bank.

Cushman & Wakefield announced that it served as the
exclusive advisor to Hana Financial Group, Inc. in the procurement of
$210,667,000 for the refinancing of 800 Scudders Mill Road, Plainsboro, NJ,
which serves as the North American headquarters of the Danish multinational
pharmaceutical company.

A Cushman & Wakefield Equity, Debt & Structured
Finance team of John Alascio, Alexander Hernandez, Alex Lapidus and Meredith
Donovan and Capital Markets team of Andy Merin, David Bernhaut and Frank
DiTommaso represented Hana Financial Group, Inc.

“This asset is one of the highest quality buildings in the
market today and the continued commitment by the tenant and institutional
sponsorship created competitive market terms for the refinancing,” said

800 Scudders Mill Road is an award-winning trophy asset
consisting of nine interconnected buildings totaling 731,104 square feet. The
property is situated on a 58-acre site within the prestigious Princeton
Forrestal Center.

Hana led a consortium of South Korean investors which
acquired the property for $305 million in 2016.

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