Cushman & Wakefield has successfully assisted Lincoln Equities Group and PCCP, LLC in obtaining a $126,290,000 refinancing for their newly-built industrial complex known as Bayonne Logistics Center – Building 100. This state-of-the-art facility spans over 332,640 square feet and includes 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: “We are confident that Bayonne Logistics Center – Building 100 presents an unparalleled opportunity for tenants seeking top-quality industrial space with exceptional access to the market.” He also highlighted its strategic location near Global Container Terminal Bayonne as a major advantage in supporting port-centric operations within one of the most competitive and supply-constrained industrial markets in the country.
Lance Bergstein (CEO of Lincoln Equities) added: “With our recent receipt of certificate of occupancy for this project, we believe this refinancing is perfectly timed to support our efforts during the lease-up phase.”
This news was originally reported on Connect CRE.
