Summit Associates Inc Secures $14.35M Loan For Industrial Properties In Edison, NJ | 45 Fernwood Avenue, 110 Newfield Avenue & 450 Raritan Center Parkway | Max Custer, Michael Klein | Industrial | Loan

Summary

Loan

NEW JERSEY

Industrial

430,000 sqft

An industrial property located at 45 Fernwood Avenue, 110 Newfield Avenue, and 450 Raritan Center Parkway in Edison, NJ has been involved in a recent transaction. The property spans approximately 430,000 square feet and falls under the asset type of industrial.

Summary of transation details

Property Type: Industrial
Transaction Amount: $14,350,000
Date: 09/14/2021
Market: Edison, NJ

The landlord of this industrial property is Summit Associates Inc. The deal was facilitated by brokers Michael Klein and Max Custer of JLL Capital Markets.

The transaction involved a fixed-rate loan of $14,350,000. The loan terms range from 10 to 12 years and were obtained through a correspondence with a life insurance company.

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Players

All
3

Agents
2
Agencies
1

Max Custer

Director

$13.5M Sold

Michael Klein

Senior Managing Director

$174.1M Sold

Details

Deal Summary

FINANCED

IMAGE: Michael Klein & Max Custer DATE: 09/14/2021 ADDRESS: 45 Fernwood Avenue, 110 Newfield Avenue & 450 Raritan Center Parkway MARKET: Edison, NJ ASSET TYPE: Industrial ~ SF 430,000 LANDLORD: Summit Associates Inc BROKERS: Michael Klein & Max Custer - JLL Capital Markets LOAN AMOUNT: $14,350,000 LOAN TERMS: fixed-rate loans with terms ranging from 10 to 12 years with a correspondent life insurance company

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Address45 Fernwood Avenue, 110 Newfield Avenue & 450 Raritan Center Parkway

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