Fifth Third Bancorp Provides $54 Million Construction Financing For Turnpike 5 Logistics Park

Exit 5 Of The New Jersey Turnpike

$54,000,000

$102/SF

Building Size

528,478 SF

Asset Type

Development Site

Closing

Jan 30, 2026

AI

A construction loan of $54,000,000 has been secured for a new speculative industrial project, comprising a total square footage of 528,478, located at Exit 5 of the New Jersey Turnpike in Burlington County. This development site is intended for a two-building logistics park expected to be completed in the second quarter of 2026.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $54,000,000
Lender: Fifth Third Bancorp
Landlord: Sidney Brown - NFI Real Estate; John O’Hurley - Penwood Real Estate Investment Management
Broker: JLL
Market: Burlington County
Asset Size: 528,478 SF
Loan Type: Construction

This transaction involves Sidney Brown representing NFI Real Estate and John O’Hurley representing Penwood Real Estate Investment Management, with JLL Capital Markets facilitating the joint venture and securing the construction loan for the project.

Players