The property asset involved in this transaction is a development site located at 907 Pleasant Valley Avenue in Mount Laurel. The total square footage of the site is 215,816, with an area of 12.7 acres. The loan secured for this construction project amounts to $58,000,000, sourced from the lender, Manulife.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $58,000,000
• Address: 907 Pleasant Valley Avenue
• Market: Mount Laurel
• Asset Size: 215,816 SF
• Land Area: 12.7 Acres
• Lender: Manulife
• Landlord: Zach Romano - RL Cold
• Brokers: Blake Thompson, Jordan Roeschlaub, Jonathan Firestone & Nick Scribani - Newmark

This transaction highlights the role of RL Cold, represented by Zach Romano, in securing the $58 million construction financing from Manulife. The development will feature a cold-storage warehouse strategically located near the Port of Philadelphia, with construction having commenced in August on a site easily accessible off Interstate 295.