Summit Associates Inc Secures $14.35M Loan For Industrial Properties In Edison, NJ
45 Fernwood Avenue, 110 Newfield Avenue & 450 Raritan Center Parkway
Industrial
430,000 SF
430,000 SF
Financed 1 year ago
Summary
An industrial property located at 45 Fernwood Avenue, 110 Newfield Avenue, and 450 Raritan Center Parkway in Edison, NJ has been involved in a recent transaction. The property spans approximately 430,000 square feet and falls under the asset type of industrial.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $14,350,000
- Date: 09/14/2021
- Market: Edison, NJ
The landlord of this industrial property is Summit Associates Inc. The deal was facilitated by brokers Michael Klein and Max Custer of JLL Capital Markets.
The transaction involved a fixed-rate loan of $14,350,000. The loan terms range from 10 to 12 years and were obtained through a correspondence with a life insurance company.
Players
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3
Agents
2
Agencies
1
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45 Fernwood Avenue, 110 Newfield Avenue & 450 Raritan Center Parkway
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