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7000 Atrium Way

Levi Cohen Of Warespace And Jarrett Cohen Of Jadian Capital Secure $94M Refinance Loan In Mount Laurel
FINANCEDIndustrial

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

Nick Scribani

Newmark

Broker

$55.9B

vol

198 deals

Broker
Newmark
NewmarkBrokerage

Brian Moynihan

Bank of America

Lender

$4.1B

vol

8 deals

Lender

Levi Cohen

Warespace

Landlord

$133.9M

vol

4 deals

Landlord
Jadian Capital
Jadian CapitalLandlord

Mount Laurel Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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