KFH Capital Investment Company secured $107.3m in financing for the acquisition of Two Riverfront Plaza in Newark, New Jersey. The 337,543 sq ft, 12-story office tower was originally developed as Panasonic Corporation of North America’s headquarters in 2013. The property is located just eight miles west of Manhattan and is connected to Newark Penn Station. The office building has LEED Platinum certification for its interiors and LEED Gold certification for its core and shell. The asset is fully occupied by Panasonic, which lease expires in April 2031. CBRE Capital Markets’ Debt & Structured Finance team sourced the funding through Ladder Capital.
