Cushman & Wakefield said Friday its real estate services firm served as the exclusive adviser to Advance Realty Investors and Greek Development in the procurement of $103,481,000 in industrial construction financing for Buildings H and E at Logan North Industrial Park, a planned 3,190,000-square-foot Class A industrial site in Logan Township.

The loans were provided by Wells Fargo and Provident Bank.

“It is a true testament to Wells Fargo and Provident Bank in understanding the vision and value proposition of Logan North in our uncertain economic environment,” stated Alexander Cocoziello, managing director of markets for Advance. “Our team could not be more pleased with the execution of Cushman & Wakefield and the broader sponsor team in these two deals.”

A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Sri Vankayala, Chuck Kohaut, TJ Sullivan and Maya Steinberger represented the borrower.

Located at 858 Route 322 in Logan Township, Logan North Industrial Park has direct access to the New Jersey Turnpike and Interstate 295 and is 1 mile from the Commodore Barry Bridge, which connects New Jersey to southeastern Pennsylvania.

“With these two assets pre-leased, encompassing the first 1.3 million square feet of Logan North, our partnership is currently constructing Phase II of the development to meet continued demand in southern New Jersey,” said David Greek, director of acquisitions at Greek Development.

Building H will be the first asset, out of a total of 10 planned sites, to be developed at Logan North Industrial Park with the construction of building E following immediately.

The property is 100 percent pre-leased to Target, which will use the site as a flow center to fulfill online orders and restock retail centers. The facility is estimated to create 1,300 jobs and will be split approximately 60 percent to service retail stores and 40 percent for e-commerce needs. Building H received a $69,011,000 construction loan from Wells Fargo.

Building E is a build-to-suit cold storage facility that is pre-leased to Lineage Logistics. The site measures 189,889 rentable square feet and will be operated by Preferred Freezer Services, a subsidiary of Lineage Logistics. The property will have 103 parking spaces, 44 trailer spaces and 20 dock doors. Building E received a $34,470,000 construction loan from Provident Bank.