Lincoln Equities Group Secures $60.8 Million Construction Loan From PCCP For Industrial Development In Hamilton

An industrial property with a total area of 420,000 square feet is located at 861 Sloan Avenue in Hamilton, NJ. Lincoln Equities Group has secured a construction loan amounting to $60.8 million from PCCP to facilitate the development of this asset.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $60,800,000
• Address: 861 Sloan Avenue
• Market: Hamilton
• Lender: PCCP
• Landlord: Joel Bergstein - Lincoln Equities Group
• Broker Representatives: Chuck Kohaut, Jason Blankfein, John Alascio & TJ Sullivan - Cushman & Wakefield
• Loan Type: Construction Loan

The financing was facilitated by Cushman & Wakefield, who highlighted the strategic advantages of the property's location in relation to major highways, the New Jersey Transit Hamilton Train Station, and key ports in Philadelphia and Newark-Elizabeth, indicating a strong demand for prime industrial assets in the region.