JLL Capital Markets has successfully secured $93 million in financing for Matrix Logistics Park – Mount Olive, a state-of-the-art industrial park currently being constructed in Mount Olive, New Jersey. The funding was obtained from Bank OZK and will be utilized for two properties within the park: a 196,748-square-foot facility at 2000 International Drive and a 585,000-square-foot facility at 3000 Continental Drive.
Strategically located in the highly sought-after International Trade Zone with easy access to major transportation routes and the Mount Olive Train Station, this industrial park boasts impressive features such as high clear heights, loading docks and ample parking space.
The team at JLL Capital Markets led by Thomas Didio and Jim Cadranell worked closely with Thomas E. Didio Jr., Michael Lachs and Olivia Doody to secure this financing deal. According to Didio,”We have witnessed significant interest from various debt capital sources for speculative industrial developments like this one. Ultimately it was Bank OZK that stepped up to provide an attractive solution for Matrix Logistics Park’s development partner.”
