FINANCED
Simmons Bank Provides $25M Construction Loan For South Plainfield Industrial Property
602 New Market Avenue
Industrial
189,059 SF
189,059 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Industrial
189,059 sqft
The industrial property located at 602 New Market Ave in South Plainfield has been involved in a closed transaction. The property spans an impressive 189,059 square feet and sits on approximately 20.7 acres.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $25,000,000
- Loan Type: Construction Loan
- Loan Terms: three-year, floating-rate
In this transaction, Simmons Bank provided a construction loan of $25,000,000 for the property. The loan comes with a three-year duration and a floating interest rate. The landlord involved in the deal is Bridge Industrial. The brokers responsible for representing the parties in this transaction are Jon Mikula, Michael Klein, and Michael Lachs, all from JLL Capital Markets.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Jon Mikula, Michael Klein & Michael Lachs
DATE: 07/18/2022
ADDRESS: 602 New Market Ave
MARKET: South Plainfield
ASSET TYPE: Industrial ~ SF: 189,059 ~ ACRES: 20.7
LENDER: Simmons Bank
LANDLORD: Bridge Industrial
BROKERS: Jon Mikula, Michael Klein & Michael Lachs - JLL Capital Markets
LOAN AMOUNT: $25,000,000
LOAN TYPE: Construction Loan
LOAN TERMS: three-year, floating-rateView on map
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Address602 New Market Avenue
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