Bridge Industrial has secured a $53.5 million construction loan from Mesa West Capital to build Bridge Point 999, a nearly 300,000-square-foot industrial logistics property in South Brunswick, New Jersey. The strategic location of the development site on 999 Cranbury-South River Road in Monroe Township, Central New Jersey, addresses the high demand for modern distribution centers in the region. The construction of Bridge Point 999 is expected to be completed in Q2 2024.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $53,500,000
• Address: 999 Cranbury-South River Road, Monroe Township, New Jersey
• Market: Monroe Township
• Asset Type: Development Site
• Building Square Footage: 300,000

The loan for the construction of Bridge Point 999 was provided by Brian Hahn, Matt Snyder, and Jacob Rosen of Mesa West Capital. On the other hand, Steve Poulos of Bridge Industrial is the landlord of the property. The deal was facilitated by brokers Ryan Kieser and Steve Roth from CBRE.