Cushman & Wakefield Arranges $33M Loan From Bank Hapoalim For Joyce Kilmer Logistics Center In New Brunswick

The asset involved in this transaction is a 195,421-square-foot industrial facility located at 701 Joyce Kilmer Avenue in New Brunswick, NJ. The property is designed for logistics and will be known as the Joyce Kilmer Logistics Center. It is situated in the high-demand Exit 9 corridor and is planned for completion in late 2026.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $33,000,000
• Lender: Bank Hapoalim
• Landlord: Adir Levitas - Faropoint; Eric Gormeley - Deugen Development
• Brokers: Brad Domenico, Frank Stanislaski & Jack Subers - Cushman & Wakefield
• Loan Type: Construction

This transaction involved Cushman & Wakefield, which arranged the construction loan for the landlords, Faropoint and Deugen Development. The facility will feature modern logistics specifications and flexible suite sizes targeting mid-sized users, enhancing its appeal in the industrial sector.