Advance Realty Investors And Greek Development Secure $300M Loan For Linden Logistics Center In New Jersey

The Linden Logistics Center, located in Linden, is a development site encompassing three buildings with a combined square footage of 1,600,000. It is currently 94% leased to tenants including Samsung and Vanguard Logistics. The transaction involves secured financing of $300,000,000 from Northwestern Mutual.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $300,000,000
• Asset Type: Development Site
• BSF: 1,600,000
• Address: Linden Logistics Center (Buildings 300, 400 & 700)
• Market: Linden
• Lender: Northwestern Mutual
• Landlord: Alex Cocoziello - Advance Realty Investors
• Landlord: David Greek - Greek Development
• Brokerage: Alex Hernandez, Chuck Kohaut, John Alascio, Mitch Rothstein & TJ Sullivan - Cushman & Wakefield

Advance Realty Investors and Greek Development are represented in this deal by leading professionals from Cushman & Wakefield. This financing underscores the strong institutional demand for Class A industrial space in proximity to significant port and airport infrastructures within the Port of New York and New Jersey region.