PCCP, LLC has granted a senior construction loan of $60.8 million to Lincoln Equities Group for the development of a 420,024-square-foot industrial building in Hamilton, NJ. The project is located at 825 Sloan Ave., just outside Trenton and is expected to be completed by late 2025.
The property spans over 48 acres and has all necessary permits for the construction of a state-of-the-art warehouse with rear-loading capabilities. It will feature high ceilings reaching up to 40 feet, along with ample parking space including room for cars (566) and trailers (81). Additionally, there will be multiple dock doors (84), drive-in doors (2) and an office space spanning over 10,000 square feet. This versatile property can accommodate either one large tenant or multiple smaller ones.
According to VP Lia Barsanti from PCCP: “We see this as an excellent opportunity to finance our experienced partner on a well-positioned site in a prime industrial location with great access to labor.”
Tenants at the new facility will have convenient access via I-295’s four-way interchange directly off the highway. Its proximity allows easy connection between major roads in the region making it ideal for both last-mile and mid-mile distribution activities due its strategic location between New York City and Philadelphia.
