Updated Nov 2, 2026
Seagis Property Group Secures $200 Million Loan From Northwestern Mutual For Edison Industrial Facility
2170 Lincoln Highway
$200,000,000
$216/SF
Building Size
923,000 SF
Asset Type
Industrial
Closing
Oct 30, 2026
About this deal
AI
The Seagis Gateway 10 industrial facility is located at 2170 Lincoln Highway in Edison, New Jersey. This asset encompasses an area of 923,000 square feet and sits on 50 acres of land. The property was constructed in 2017 and is fully leased to Amazon, serving as a fulfillment center with features such as 40-foot clear heights and 122 loading docks.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $200,000,000
- Loan Amount: $200,000,000
- Loan Terms: 10-year
- Lender: Northwestern Mutual
- Landlord: John Begier - Seagis Property Group
- Market: Edison, NJ
John Begier of Seagis Property Group represents the landlord in this transaction, securing the loan to enhance the respective industrial operations at the facility. Northwestern Mutual acted as the lender for this arrangement, facilitating the financing for this significant logistics hub in Northern New Jersey.
On the Map
$200,000,000
$216/SF
Industrial
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Players
Monticello Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93