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600 Linden Logistics Way, L...

Northwestern Mutual Provides $235M Loan For Industrial Property In Linden, NJ
FINANCEDIndustrial

Northwestern Mutual Provides $235M Loan For Industrial Property In Linden, NJ

600 Linden Logistics Way, Linden, NJ 07036

$235,000,000

$279/SF

Building Size

840,203 SF

Asset Type

Industrial

Closing

Dec 10, 2021

AI

600 Linden Logistics Way, located in Linden, NJ, is a 840,203 square foot industrial property that recently underwent a closed transaction. The property was the subject of a loan provided by Northwestern Mutual, amounting to $235,000,000. This 10-year, fixed-rate loan was secured by the asset.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: $235,000,000
  • Market: Linden, NJ
  • Address: 600 Linden Logistics Way
  • Loan Provider: Northwestern Mutual

In this deal, the property's landlord consisted of Advance Realty Investors, represented by Peter Cocoziello, and Greek Development, represented by Frank Greek. The transaction was brokered by John Alascio, Chuck Kohaut, TJ Sullivan, John Spreitzer, Sebastian Sanchez, and Zachary Smolev, all from Cushman & Wakefield.

Players

John Alascio

Cushman & Wakefield

Broker

$5.4B

vol

58 deals

Broker

Linden 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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93