FINANCED
Herring Properties Secures $14.5M Loan For Industrial Property In Ewing
400 Airport Corporate Drive
Industrial
130,000 SF
130,000 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Industrial
130,000 sqft
A non-recourse loan in the amount of $14,500,000 was secured for the industrial property located at 400 Airport Corporate Drive in Ewing. The property spans 130,000 square feet and sits on 22.6 acres of land. The loan terms are set at 11 years with a fixed interest rate.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,500,000
- Address: 400 Airport Corporate Drive, Ewing
- Market: Ewing
- Square Footage: 130,000
- Acres: 22.6
The lender for this transaction is nationwide-''>Nationwide Life Insurance Co. The landlord of the property is Herring Properties. The brokers involved in the deal are Michael Klein and Max Custer from JLL Capital Markets.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Michael Klein & Max Custer
DATE: 08/15/2022
ADDRESS: 400 Airport Corporate Drive
MARKET: Ewing
ASSET TYPE: Industrial ~ SF: 130,000 ~ ACRES: 22.6
LENDER: Nationwide Life Insurance Co.
LANDLORD: Herring Properties
BROKERS: Michael Klein & Max Custer - JLL Capital Markets
LOAN AMOUNT: $14,500,000
LOAN TERMS: 11-year, fixed-rate, non-recourse loanView on map
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Address400 Airport Corporate Drive
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