PGIM Provides $129.1 Million Refinance Loan For Box Park Logistics Center In Cinnaminson
New Jersey
See Similar DealsPGIM Provides $129.1 Million Refinance Loan For Box Park Logistics Center In Cinnaminson
995 Taylors Lane
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The asset involved in the transaction is Box Park Logistics Center, located at 995 Taylors Lane in Cinnaminson, New Jersey. This industrial property spans 1,200,000 square feet and features a 40-foot clear height, an ESFR sprinkler system, and parking accommodations for 549 cars and 216 trailers, with the option for expansion. The loan amount is $129,100,000 designated for refinancing purposes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $129,100,000
- Asset Size: 1,200,000 SF
- Address: 995 Taylors Lane
- Market: Cinnaminson
- Lender: PGIM
- Landlord: James Martell - Logistics Property Co.
- Loan Type: Refinance
The key individuals in this transaction include James Martell, who acts as the landlord, representing Logistics Property Co. The lender involved is PGIMReal Estate, which has facilitated the refinancing of the property, reflecting its value in the industrial market.
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