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200 Progress Court
FINANCED

JLL Facilitates $23M Acquisition Loan For Industrial Property In Swedesboro

200 Progress Court

Industrial
209,437 SF
clock iconFinanced 162 days ago
Max Custer
Michael Lachs
Michael Klein
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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

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    4

  • Agents

    3

  • Agencies

    1

Max Custer's profile picture
Max Custer
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Director
$13.5M Sold

Details

Deal Summary
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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.

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