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681 Main Street
FINANCED

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

681 Main Street

Industrial
clock iconFinanced 105 days ago
Jason Blankfein
TJ Sullivan
Chuck Kohaut
+ 2
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Summary

Loan
NEW JERSEY
Industrial

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:

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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Jason Blankfein's profile picture
Jason Blankfein
Cushman & Wakefield-image
Associate
$23M Sold
TJ Sullivan's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Joel Bergstein, John Alascio, Chuck Kohaut, TJ Sullivan & Jason Blankfein DATE: 04/04/2024 ADDRESS: 681 Main Street MARKET: Belleville ASSET TYPE: Industrial ~ ACRES: 15 LENDER: PCCP LANDLORD: Joel Bergstein - Lincoln Equities Group BROKERS: Chuck Kohaut, Jason Blankfein, John Alascio & TJ Sullivan - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $53,500,000 LOAN TYPE: Construction Loan NOTE: Lincoln Equities Group secured a $53.5 million construction loan for a Belleville, NJ logistics facility, with financing from PCCP. Cushman & Wakefield's team represented the sponsor for the redevelopment of a 15-acre industrial site into a 204,407-square-foot warehouse, strategically located near major highways and the Port of New York and New Jersey.

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Address681 Main Street

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