Riverside Drive Office/Warehouse Flex Project – $8.0MM Refinance

Compass successfully closed on the $8,000,000 refinance of the Riverside Commerce Park & Business Center at the Gardens a flex/warehouse campus containing 98,717 ± Rentable SF situated on 7.29 ± Acres.  The southern parcel consists of three (3) office/warehouse buildings containing 55,716 ± Rentable SF on 3.86 ± Acres; the northern parcel consists of one (1) office building containing 5,147 ± Rentable SF and one (1) warehouse building containing 37,854 ± Rentable SF located on 3.43 ± Acres.  The buildings were constructed in 1978 and 1985 and completely renovated in 2009-2010.  At the time of closing the property was 98% occupied by ten (10) tenants.  Major tenants include: DePuy Synthes (a subsidiary of Johnson & Johnson), Funkytownmall.com and Apria Healthcare.