An industrial portfolio located at 75 Wood Street & 90 6th Avenue in Paterson, New Jersey, has been acquired by Eagle Cliff Real Estate Partners. The property spans 192,000 square feet and was purchased with the assistance of a $22.5 million loan from GID Credit, secured through Cushman & Wakefield. The loan will cover acquisition expenses, future capital improvements, and leasing costs for the industrial asset.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22,500,000
• Address: 75 Wood Street & 90 6th Avenue, Paterson
• Market: Paterson
• Lender: GID Credit
• Brokers: Chuck Kohaut, Jason Blankfein, John Alascio & TJ Sullivan - Cushman & Wakefield

Cushman & Wakefield played a pivotal role in facilitating the acquisition of the industrial portfolio by Eagle Cliff Real Estate Partners. The brokers involved in the deal include Chuck Kohaut, Jason Blankfein, John Alascio, and TJ Sullivan. This strategic collaboration ensured the successful securing of the $22.5 million loan from GID Credit, reflecting a commitment to driving forward commercial real estate transactions in the Paterson market.