The asset involved in this transaction is a 147,620-square-foot industrial property located at 10 Constitution Avenue in Piscataway, New Jersey. The property is part of an 18-acre site that features high clear heights and multiple dock doors, enhancing its operational capabilities. The loan amount secured for this asset is $27,100,000, provided as a bridge loan by PPM America.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,100,000
• Address: 10 Constitution Avenue
• Market: Piscataway
• Lender: PPM America
• Landlord: Steve Poulos - Bridge Industrial
• Brokers: Michael Klein, Jon Mikula & Kevin Badger - JLL
• Loan Type: Bridge

This transaction was facilitated by JLL Capital Markets, who arranged the financing to support Bridge Industrial's plan for the stabilization of this newly constructed warehouse, taking advantage of its strategic location near I-287 and Port Newark.