Kushner Companies Secures $130M Mezzanine Loan For Multifamily Property At 1 Journal Square, Jersey City

1 Journal Square Plaza, JFK Blvd., Jersey City, New Jersey 07306, United States

$130,000,000

$65/SF

Building Size

2,000,000 SF

Asset Type

MultiFamily

Closing

Jun 15, 2022

AI

The property involved in this transaction is a multifamily asset located at 1 Journal Square in Jersey City, NJ. The property has a total square footage of 2,000,000 and consists of 1,723 units. It was sold by Kushner Companies.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $130,000,000
Date: 06/16/2022
Market: Jersey City, NJ

Related Fund Management provided a mezzanine loan of $130,000,000 for this transaction. The loan was facilitated by Michael Campbell of The Carlton Group, who served as the broker representing Kushner Companies. For more information, you can contact Michael Campbell at (212) 716-5611 or [email protected].

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