Lincoln Equities Group Secures $53.5M Construction Loan For Belleville Logistics Facility
681 Main Street
Industrial
Financed 28 days ago
+ 2
Summary
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.
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