Lincoln Equities Group Secures $53.5M Construction Loan For Belleville Logistics Facility

The Lincoln Equities Group secured a $53.5 million construction loan for the redevelopment of a 15-acre industrial site located at 681 Main Street in Belleville. The project involves transforming the site into a 204,407-square-foot warehouse, strategically positioned near major highways and the Port of New York and New Jersey.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $53,500,000
• Address: 681 Main Street
• Market: Belleville
• Acres: 15
• Lender: PCCP
• Landlord: Joel Bergstein - Lincoln Equities Group
• Brokers: Chuck Kohaut, Jason Blankfein, John Alascio & TJ Sullivan - Cushman & Wakefield
• Loan Type: Construction Loan

Cushman & Wakefield's team, represented by Chuck Kohaut, Jason Blankfein, John Alascio, and TJ Sullivan, played a key role in facilitating the loan. The sponsor for the logistics facility's redevelopment has partnered with PCCP for the financing of this significant project.