Cushman & Wakefield Secures $126.29M Refinance Loan For Bayonne Logistics Center With Ares Management

$126,290,000

$379/SF

Building Size

332,640 SF

Asset Type

Industrial

Closing

Nov 21, 2024

AI

Bayonne Logistics Center – Building 100 is an industrial asset located at 101 Port Lincoln Road in Bayonne, NJ. The facility comprises 332,640 square feet of space and is situated on five acres of land, providing ample outdoor storage capacity.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $126,290,000
Lender: Ares Management, LLC
Landlord: Lance Bergstein - Lincoln Equities Group; PCCP, LLC
Brokers: Chuck Kohaut, John Alascio, Mitch Rothstein & TJ Sullivan - Cushman & Wakefield
Loan Type: Refinance
Date: 11/21/2024

The refinancing transaction involved the representation of the borrowers by the Equity, Debt & Structured Finance team of Cushman & Wakefield, indicating their expertise in positioning the asset for lease-up near Global Container Terminal Bayonne. This deal illustrates the collaboration between the various entities facilitating the financing process.

Players