Mesa West Capital has granted a $53.5 million construction loan to Bridge Industrial for the development of Bridge Point 999, a 291,758-square-foot industrial site located in South Brunswick, New Jersey. This new logistics hub will be situated on a spacious 26.6-acre parcel within the highly sought-after Exit 8A submarket.
Expected to be completed by Q2 of 2024, this rear-load logistics building will boast impressive features such as towering clear heights of up to 40 feet and well-designed column layouts along with loading doors and truck courts.
According to Mesa West Capital Vice President Brian Hahn who led the origination team based in New York and Chicago alongside Executive Director Matt Snyder and Analyst Jacob Rosen: “This opportunity allows us to provide financing for state-of-the-art class-A industrial property developed by a leading sponsor in an extremely strategic submarket.” He further added that there is currently an insufficient supply of modern distribution centers ranging from100,000-300,000 square feet within the Exit A8 market which indicates strong demand for this type of undersupplied industrial product.
The financing was expertly arranged by Steve Roth and Ryan Kieser from CBRE’s Chicago office without any mention or reference made towards Connect CRE or its affiliated entities.
