Cushman & Wakefield announced Nov. 24 that it served as exclusive advisor in the procurement of $107.4 million in acquisition and construction financing for a building at the Bayonne Logistics Center in Hudson County.
The real estate services firm advised Lincoln Equities Group and PCCP on the loan provided by Brookfield for Building 100 at Bayonne Logistics Center.
Cushman & Wakefield’s John Alascio, Chuck Kohaut, TJ Sullivan, Zachary Kraft, Gary Gabriel and Kyle Schmidt represented the borrower.
According to the firm, Bayonne Logistics Center – Building 100 is set to be a 332,640-square-foot industrial complex.
With approximately 45.4 acres of portside property, Cushman & Wakefield identified it as “one of the last remaining industrial redevelopment opportunities of scale in the NY/NJ Port market,” in an announcement about the financing.
“This financing represented a compelling opportunity for lenders, given the location and strength of the industrial market in the Port region,” added Alascio in a statement.=