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.
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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.