77 Corporate Drive
Bridgewater, New Jersey

Client
Legacy Investing, LLC

Description
Bridge Investment Group provided non-recourse financing for Legacy Investing, LLC to acquire a 205,000 square foot Class-A office building that is part of a 300-acre office park less than an hour outside of New York City. Built in 2011 and upgraded in 2019, the property is comprised of four stories of highly efficient office space that accommodates close to 1,000 seats and over 100 meeting spaces. At the time of the acquisition, the building was 59% leased to a publicly traded multinational health information technology and clinical research company and well suited to capture an additional anchor tenant or be demised for multi-tenant use with plug-n-play space featuring available furniture and high-end fixtures and finishes.

Structuring
$28,795,000 Non-Recourse Acquisition Financing