Cushman & Wakefield has successfully assisted Lincoln Equities Group and PCCP, LLC in obtaining $126,290,000 in refinancing for their newly-constructed industrial complex known as Bayonne Logistics Center – Building 100. Located at 101 Port Lincoln Rd. in Bayonne, the complex spans over 332,640 square feet with an additional five acres of outdoor storage space. The financing was provided by Ares Management LLC.
The borrowers were represented by a team from Cushman & Wakefield’s Equity, Debt & Structured Finance division including John Alascio,TJ Sullivan Chuck Kohaut and Mitch Rothstein.
According to John Alascio of Cushman & Wakefield,”Bayonne Logistics Center – Building 100 is a prime opportunity for tenants seeking top-of-the-line industrial space with excellent access to the market.” He also added that its proximity to Global Container Terminal Bayonne makes it an ideal location for port-centric operations in one of the most competitive and supply-constrained industrial markets nationwide.
Lance Bergstein,the CEO of Lincoln Equities Group stated that with the recent receipt of certificate occupancy,this financing will greatly benefit their project during its lease-up stage.
