Triangle Equities Secures $20M Acquisition & Pre-development Loan For Crossings At Brick Church Station - Phase 1B In East Orange | 533 Main St Phase 1B | Jackie Ferrer, Matthew Pizzolato, Max Herzog, Geoff Goldstein | Development Site | Loan

Summary

Loan

NEW JERSEY

Development Site

The Crossings at Brick Church Station - Phase 1B, located at 533 Main St in East Orange, is a development site with a building square footage (BSF) of 518,195. Triangle Equities, led by Lester Petracca and Josh Weingarten, is the developer behind this project.

Summary of transaction details

Property Type: Development Site
Address: 533 Main St, East Orange
Market: East Orange
BSF: 518,195
Developer: Triangle Equities - Lester Petracca & Josh Weingarten

The lender for this transaction is CIT Bank. JLL, represented by Max Herzog, Geoff Goldstein, Matthew Pizzolato, and Jackie Ferrer, acted as the broker in this deal. The loan amount provided by CIT Bank for the acquisition and pre-development of the Crossings at Brick Church Station - Phase 1B is $20,000,000.

Players

All
6

Agents
4
Agencies
2

$162M Sold

Senior Managing Director

$288.5M Sold

Geoff Goldstein

Senior Director

$70M Sold

Institutional Property Advisors

JLL

Details

Deal Summary

FINANCED

IMAGE: Max Herzog, Geoff Goldstein, Lester Petracca, Jackie Ferrer, Josh Weingarten & Matthew Pizzolato DATE: 11/09/2022 ADDRESS: Crossings at Brick Church Station - Phase 1B, 533 Main St MARKET: East Orange ASSET TYPE: Development Site ~ BSF: 518,195 LENDER: CIT Bank BROKER: Max Herzog, Geoff Goldstein, Matthew Pizzolato & Jackie Ferrer - JLL DEVELOPER: Triangle Equities - Lester Petracca & Josh Weingarten (@JoshuaWeingarten) LOAN AMOUNT: $20,000,000 LOAN TYPE: Acquisition & Pre-development Loan

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Address533 Main St Phase 1B

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