Advance Realty Investors Secures $103.4M Loan From Provident Bank In Logan Township

The $103.4 million construction loan was arranged by Cushman & Wakefield for two new buildings at Logan North Industrial Park in Logan Township, NJ. Building E, preleased to cold storage operator Preferred Freezer Services, spans roughly 189,000 square feet. Meanwhile, Building H, preleased to Target, is expected to bring about 1,300 new jobs to the area.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $103,400,000.00
• Address: 2858 Us-322, Logan Township, NJ, 080...
• Lender: Provident Bank
• Borrower: Advance Realty Investors
• Borrower's Representatives: Maya Steinberger, Sridhar Vankayala, T. J. Sullivan

Cushman & Wakefield's John Alascio, Chuck Kohaut, and all loan arrangers played key roles in securing the financing for the two buildings. The partnership behind the borrower consists of Advance Realty Investors and Greek Development, indicating a collaborative effort in this substantial transaction.