Mesa West Capital has recently provided a $53.5 million construction loan to Bridge Industrial for the development of Bridge Point 999, a state-of-the-art industrial site located in South Brunswick, NJ. Situated on a 26.6-acre parcel in New Jersey’s highly sought-after Exit 8A submarket, this new logistics hub is expected to be completed by Q2 of 2024.
The rear-load logistics building will boast impressive features such as 40-foot clear heights, well-designed column layouts, loading doors and spacious truck courts. According to Mesa West Capital Vice President Brian Hahn who led the origination team along with Executive Director Matt Snyder and Analyst Jacob Rosen from their New York and Chicago offices respectively: “This opportunity allows us to provide financing for an exceptional class-A industrial project being developed by one of the top sponsors in this strategic submarket.”
Moreover, there is currently a shortage of modern distribution centers ranging between 100,000 and 3000 square feet within the Exit-8A submarket which further highlights the high demand for such premium industrial properties.
The financing was arranged by Steve Roth and Ryan Kieser from CBRE’s Chicago office showcasing Mesa West Capital’s strong partnership with leading industry professionals across different markets.
This news was originally published on Connect CRE website.
