Newland Capital Group Secures $66M Construction Loan For Mount Pocono Commerce Center In PA

Newland Capital Group has secured financing for the construction of Mount Pocono Commerce Center, a 1.2 million-square-foot distribution center in Mount Pocono, PA. The industrial property, located at 3379 Pocono Summit Road, is set to become a prominent addition to the market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $66,000,000
• Address: 3379 Pocono Summit Road, Mount Pocono, PA
• Market: Mount Pocono, PA
• Lender: Axos Bank
• Landlord: Newland Capital Group
• Brokers: Chad Morgan & David Pelaia - JLL

JLL Capital Markets, represented by Chad Morgan and David Pelaia, facilitated the financing for the project through a $66 million senior construction loan provided by Axos Bank. This significant loan highlights the investor confidence in the potential of the Mount Pocono Commerce Center.