Affinius Secures $102M for New Jersey Logistics Center

Affinius Capital has secured a $102 million loan to fund the next phase of development for the Tac-Pal Logistics Center in Palmyra, New Jersey. The industrial project, developed by Crow Holdings Capital, consists of two 700,000-square-foot buildings and is expected to be completed by June 2023. This new phase will feature high ceilings at 40 feet and a cross-dock building layout with ample space for tailgates (166), drive-up ramps (4), auto parking spaces (438), and trailer parking spaces (236). The senior portion of financing was provided by Bank OZK while JLL’s Dallas and Philadelphia offices arranged the financing through John Rose and Chad Orcutt. This recent funding marks another successful venture for Affinius as they continue their strong track record in commercial real estate investments.