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389 New Brunswick Avenue

Sagard Real Estate And Woodmont Industrial Partners Secure $56M Loan For Industrial Project In Rahway
FINANCEDIndustrial

Sagard Real Estate And Woodmont Industrial Partners Secure $56M Loan For Industrial Project In Rahway

389 New Brunswick Avenue

$56,000,000

$201/SF

Building Size

277,818 SF

Asset Type

Industrial

Closing

Mar 16, 2026

AI

The transaction involves a construction loan secured for a two-building industrial project located at 349 and 389 New Brunswick Avenue in Rahway. The project encompasses a total of 277,818 square feet and is part of a 25.6-acre site. It is being developed by Sagard Real Estate and Woodmont Industrial Partners. The total loan amount is $56,000,000, funded by BMO Bank.

Summary of transaction details:

The project, aimed for completion in late 2026, will include high-clear warehouse space and infrastructure tailored for logistics. The development is strategically positioned to attract tenants, particularly in the Port South submarket, fueled by rising demand linked to port activity and e-commerce growth.

Players

John Alascio

Cushman & Wakefield

Broker

$5.4B

vol

58 deals

Broker
BMO Harris Bank
BMO Harris BankLender
Rick Stone

Rick Stone

Sagard Real Estate

Landlord

$329.8M

vol

14 deals

Landlord

Rahway Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93