J.P. Morgan Provides $367.8M Loan For East Coast Logistics Portfolio

The East Coast Logistics Portfolio, a 3,034,000 square-foot industrial property, has recently undergone a closed transaction.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $367,830,000
• Address: East Coast Logistics Portfolio
• Market: New Jersey, Pennsylvania, Maryland, New York City, Philadelphia, Baltimore & Washington, D.C

This deal was financed by J.P. Morgan, who provided a loan amount of $367,830,000. The landlord for the property is Ares Management Real Estate. Cushman & Wakefield, represented by John Alascio, Alex Hernandez, Alex Lapidus, Chuck Kohaut, T.J. Sullivan, and Jason Blankfein, acted as the brokers in this transaction.