Wintrust Bank Provides $10.8M Loan For Industrial Property Acquisition In Elizabeth

The industrial property located at 556-600 Progress Street in Elizabeth spans 111,500 square feet. The acquisition was facilitated by Marty Langhenry & Nick Cannon of Wintrust Bank, serving as the lenders, while Alec Ludwig and Joe Sitt of Thor Equities acted as the landlords. The deal was orchestrated by brokers Ryan Carroll, Peter Rotchford & David Sitt from JLL.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,800,000
• Address: 556-600 Progress Street
• Market: Elizabeth
• Lenders: Marty Langhenry & Nick Cannon - Wintrust Bank
• Landlords: Alec Ludwig and Joe Sitt - Thor Equities
• Brokers: Ryan Carroll, Peter Rotchford & David Sitt - JLL
• Loan Type: Acquisition Loan

The collaboration of Marty Langhenry, Nick Cannon, Alec Ludwig, Joe Sitt, Ryan Carroll, Peter Rotchford, and David Sitt played pivotal roles in finalizing the $10,800,000 acquisition loan. This transaction underscores the significance of strong relationships in the real estate industry, where key individuals and companies work together seamlessly to achieve successful outcomes.