Cushman & Wakefield Arranges $300M in Permanent Financing for Northern New Jersey Industrial Buildings

Cushman & Wakefield Arranges $300M in Permanent Financing for Northern New Jersey Industrial Buildings

LINDEN, N.J. ­— Cushman & Wakefield has arranged $300 million in permanent financing for Buildings 300, 400 and 700 within Linden Logistics Center in Northern New Jersey. Linden Logistics Center is a newly completed development that was 94 percent leased at the time of the loan closing to tenants such as Samsung Electronics America, Vanguard Logistics, Fabuwood Cabinetry and OCM Globe. Buildings at the property feature a mix of front-load and cr…

Linden Logistics Center Scores $300M Permanent Financing

Cushman & Wakefield served as the exclusive advisor to Advance Realty Investors and Greek Real Estate Partners in procuring $300 million in fixed-rate permanent financing for Buildings 300, 400 and 700 at Linden Logistics Center, an industrial complex totaling 1,579,989 square feet in Linden, NJ. Cushman & Wakefield’s John Alascio, Alex Hernandez, Chuck Kohaut, TJ Sullivan and Mitch Rothstein represented the borrowers. “This transaction highligh…

C&W: Advance, Greek land $300 million permanent loan for Linden Logistics Center phase two – Real Estate NJ

Linden Logistics Center in Linden— Courtesy: Cushman & Wakefield By Joshua Burd Advance Realty Investors and Greek Real Estate Partners have closed on $300 million in permanent financing for nearly 1.6 million square feet of new industrial space in Linden. Brokers with Cushman & Wakefield represented the firms in securing the fixed-rate loan, which was provided by an undisclosed institution, in connection with buildings 300, 400 and 700 at the l…

Advance Realty, Greek Development Land $300M for NJ Industrial Center

A joint venture between Advance Realty Investors and Greek Development has secured new funding to develop the second phase of a big industrial project in Linden, N.J. Northwestern Mutual provided $300 million in fixed-rate permanent financing for Buildings 300, 400 and 700 of the developers’ 1.6 million-square-foot Linden Logistics Center, according to a Monday announcement. The loan will go toward the second phase of development of the newly co…