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

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:

• Property Type: Industrial
• Transaction Amount: $56,000,000
• Address: 349 & 389 New Brunswick Avenue
• Market: Rahway
• Asset Size: 277,818 square feet
• Lender: BMO Bank
• Landlords: Rick Stone - Sagard Real Estate; Eric Witmondt - Woodmont Industrial Partners
• Brokers: John Alascio, Chuck Kohaut & TJ Sullivan - Cushman & Wakefield

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.