Triangle Equities Secures $63.9M Construction Loan For Crossings At Brick Church Station In East Orange, NJ

The development site known as Crossings at Brick Church Station - Phase 1A located at 533 Main Street in East Orange, NJ has secured a construction loan. The site spans approximately 453,621 square feet and is owned by Triangle Equities.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $63,883,000
• Loan Type: Construction Loan
• Landlord: Triangle Equities
• Lender: PNC Bank
• Brokers: Max Herzog, Geoff Goldstein, Matthew Pizzolato & Jackie Ferrer - JLL
• Developer: Triangle Equities - Lester Petracca & Josh Weingarten

The construction loan from PNC Bank will provide the necessary funds for Triangle Equities to develop the Crossings at Brick Church Station - Phase 1A. This project represents an exciting opportunity for Triangle Equities to further enhance the area and bring their vision to life.