Affinius Capital Provides $102M Construction Loan For Tac-Pal Logistics Center In Palmyra

The Tac-Pal Logistics Center in Palmyra Township, New Jersey, is set to undergo Phase II of development with the assistance of a $102 million construction loan provided by Affinius Capital. The project boasts a sprawling 700,000 square feet of industrial space, featuring a cross-dock configuration, a 40-foot clear height, and ample parking space for 438 cars and 236 trailers.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $102,000,000
• Address: 201 South State Route 73, Palmyra, New Jersey
• Market: Palmyra
• Asset Size: 700,000 square feet

Affinius Capital, a joint venture between USAA Real Estate and Square Mile Capital Management, led by Len O'Donnell, has extended the construction loan for Phase II of the Tac-Pal Logistics Center. Acting as the lender, Affinius Capital will play a crucial role in supporting the development project. Meanwhile, Crow Holdings Capital, represented by Bob McClain, serves as the landlord of the property. JLL brokers Chad Orcutt and John Rose facilitated the transaction, showcasing their expertise in this deal.