Kushner Companies Secures $515M Senior & Mezzanine Loan For Development Site In Jersey City

One Journal Square, Kennedy Blvd, Jersey City, New Jersey 07306, United States

$515,000,000

$257/SF

Building Size

2,000,000 SF

Asset Type

Development Site

Closing

Jul 12, 2022

AI

Located at 1 Journal Square in Jersey City, this development site is a notable asset in the real estate market. Spanning an impressive 2,000,000 square feet, the property offers ample space for potential development.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $515,000,000
Loan Type: Senior & Mezzanine Loan

In July 2022, a loan was secured for this property by AIG & Related Credit Funds. The loan amount of $515,000,000 was provided as a senior and mezzanine loan. The funds will support the future development of the site.

Laurent Morali of Kushner Companies played an instrumental role in this transaction as the landlord. His involvement highlights the significance of this deal for the company.

Players