Affinius Capital Provides $180M Construction Loan For Pennsville Industrial Complex

Affinius Capital LLC, led by David Greenburg, has originated a $180 million loan for the development of Garden State Logistics Center, a 1.7 million-square-foot industrial complex located at 373 North Broadway in Pennsville Township, NJ. The project, led by PGIM Real Estate and CTR Partners and situated in a strategic location, offers strong market potential for investors.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $180,000,000
• Square Footage: 1,700,000 SF
• Address: 373 North Broadway, Pennsville Township, NJ
• Lender: Affinius Capital LLC - David Greenburg
• Landlord: PGIM Real Estate & CTR Partners - James Watson, Dominic Petrucci & Carter Ewing

The loan provided by Affinius Capital LLC plays a vital role in the development of Garden State Logistics Center. This collaboration between Affinius Capital LLC, PGIM Real Estate, CTR Partners, and other key individuals involved in the project is set to create a significant impact in the industrial property market of Pennsville Township, NJ.