Levi Cohen Of Warespace And Jarrett Cohen Of Jadian Capital Secure $94M Refinance Loan In Mount Laurel
7000 Atrium Way
$94,000,000
$98/SF
Building Size
958,285 SF
Asset Type
Industrial
Closing
May 28, 2025
AI
The property asset involved in this transaction is an industrial asset located at 7000 Atrium Way in Mount Laurel, NJ. The total square footage of the property is 958,285. The transaction is characterized by a loan amount of $94,000,000 which is a refinance type of loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $94,000,000
- Address: 7000 Atrium Way
- Market: Mount Laurel, NJ
- Asset Size: 958,285 SF
- Lender: Brian Moynihan - Bank of America
- Landlord: Levi Cohen - Warespace; Jarrett Cohen - Jadian Capital
- Landlord's Rep: Jordan Roeschlaub, Nick Scribani & Chris Lozinak - Newmark
- Loan Type: Refinance
The key individuals and companies in this deal include the landlords, Levi Cohen and Jarrett Cohen, representing Warespace and Jadian Capital, respectively. The landlord's representatives are Jordan Roeschlaub, Nick Scribani, and Chris Lozinak from Newmark, who played a crucial role in facilitating this financing transaction.
Players
Mount Laurel 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93