FINANCED
JLL Facilitates $23M Acquisition Loan For Industrial Property In Swedesboro
200 Progress Court
Industrial
209,437 SF
209,437 SF
Financed 141 days ago
Summary
Loan
NEW JERSEY
Industrial
209,437 sqft
Chelten House Products secured a fixed-rate loan of $23.0 million for the acquisition of a 209,437-square-foot industrial warehouse/distribution center located at 200 Progress Court in Logan Township, NJ. The loan was facilitated by JLL Capital Markets, supporting Chelten House Products' strategic growth plan in Gloucester County.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $23,000,000
- Market: Swedesboro
- Address: 200 Progress Court
- Square Footage: 209,437
- Acres: 17
Max Custer, Michael Klein, and Michael Lachs from JLL represented Chelten House Products in the acquisition financing deal. Their expertise and negotiation skills played a crucial role in securing the fixed-rate loan for the industrial property.
Players
All
4
Agents
3
Agencies
1
Details
FINANCED
IMAGE: Steve Dabrow, Max Custer, Michael Klein & Michael Lachs
DATE: 12/14/2023
ADDRESS: 200 Progress Court
MARKET: Swedesboro
ASSET TYPE: Industrial ~ SF: 209,437 ~ ACRES: 17
LANDLORD: Chelten House Products (@CheltenHouse) - Steve Dabrow
BROKERS: Max Custer (@GeneralCusta), Michael Klein & Michael Lachs - JLL (@JLL)
LOAN AMOUNT: $23,000,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: fixed rate
NOTE: JLL Capital Markets facilitated a $23.0 million acquisition financing deal for a 209,437-square-foot industrial warehouse/distribution center in Logan Township, NJ. Chelten House Products secured the fixed-rate loan for the property at 200 Progress Court, supporting their strategic growth plan in Gloucester County.View on map
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