Roy Pascal Of Commerce Park Ventures Secures $9.75M Loan For 22 Readington Road Renovation

The property asset involved in this transaction is located at 22 Readington Road in Branchburg, NJ. It is an industrial type asset, encompassing a total square footage of 80,500. The acquisition/renovation loan for this property amounts to $9,750,000, and the building was acquired in a vacant state, currently undergoing renovation and lease-up.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,750,000
• Address: 22 Readington Road
• Market: Branchburg, NJ
• Landlord: Roy Pascal - Commerce Park Ventures
• Brokers: Kathy Anderson & Caillin Boles - Cushman & Wakefield
• Loan Type: Acquisition/Renovation

Key individuals in this transaction include Roy Pascal, who represents the landlord, and brokers Kathy Anderson and Caillin Boles, who facilitated the deal through Cushman & Wakefield. The brokers played a pivotal role in the acquisition process, which involves substantial renovation efforts to prepare the property for future leasing.