The basics:

• Cushman & Wakefield arranged $300M loan for Linden industrial site
• Lender provides fixed-rate permanent financing
• Site offers port, airport and highway access to 100M+ consumers

Cushman & Wakefield secured financing at Linden Logistics Center, which boasts a footprint covering more than 1.58 million square feet.

The firm announced June 2 it served as exclusive advisor to Advance Realty Investors and Greek Real Estate Partners to procure $300 million fixed-rate permanent loan for Buildings 300, 400 and 700 at the newly completed industrial complex. A Milwaukee, Wis.-based financial services company provided the financing.

CushWake Vice Chairman John Alascio, Executive Managing Director Alex Hernandez, Managing Directors Chuck Kohaut and TJ Sullivan, and Associate Mitch Rothstein represented the borrowers. The deal underscores the persistent popularity of the Port of New York and New Jersey region within the sector.

“Linden Logistics Center’s strategic location and state-of-the-art facilities make it a critical hub for logistics and distribution, offering unparalleled access to major transportation networks and a vast consumer base,” commented Alascio.

And Linden Logistics Center has attracted a stacked roster to hit 94% occupancy at the property, including Samsung Electronics America, Vanguard Logistics, Fabuwood Cabinetry and OCM Globe. Situated within the Port Industrial Market, the property offers connectivity to the port as well as Newark Liberty International Airport. Additionally, the strategic spot near Interstate 95 and 278 offers direct access to more than 100 million consumers within one day’s drive.

Important area

That connectivity is especially beneficial for e-commerce and logistics companies seeking last-mile distribution. Bedminster-based Advance and GREP of East Brunswick also underscored the strength of the market.

“Institutional confidence in well-located, modern logistics facilities remains strong, particularly in core port markets where demand continues to outpace supply,” said Alex Cocoziello, principal and chief investment officer, Advance Realty Investors. “Our long-term commitment to Linden, in partnership with Greek Development, reflects our shared conviction in the strength of this sector and our ability to deliver best-in-class assets in strategic locations.”

Indeed, CushWake opened its Q1 industrial Marketbeat report for New Jersey citing a jump in twenty-foot equivalent units to start the year, with January’s 720,747 TEUs marking an 8.0% increase from the year prior, driven by import volumes.

And while leasing volume fell overall, the lookback noted occupancy gains in the Port Region (as well as Meadowlands) submarket. The Port Region and Port South areas drove leasing in Q1, according to the report, accounting for 35.3% of total activity. “Class A properties defied the broader trend, recording positive net absorption driven by strong demand for newly delivered product, even as sublease vacancy rose,” Cushman & Wakefield noted.

GREP Managing Partner David Greek commented, “The Linden Logistics Center is a best-in-class facility that has consistently attracted premier logistics tenants seeking superior space in an ideal location. The facility is positioned to provide increasing value over the long-term.”

Cushman & Wakefield previously arranged permanent financing for the property through Northwestern Mutual in 2021 and Wells Fargo in 2022.

Editor’s note: This story was updated at 3:03 p.m. EST June 3, 2025, to update information about the lender.