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.