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J.P. Morgan Provides $367.8M Loan For East Coast Logistics Portfolio

Cushman & Wakefield brokers loan on a logistics portfolio for $367,830,000
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This Industrial property located in NJ received a loan of $367,830,000 over 1 year ago. The brokers of the deal were John Alascio, Alexander (Alex) Hernandez, Alex Lapidus Okin, Chuck Kohaut, and TJ Sullivan

The East Coast Logistics Portfolio, a 3,034,000 square-foot industrial property, has recently undergone a closed transaction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $367,830,000
  • Address: East Coast Logistics Portfolio
  • Market: New Jersey, Pennsylvania, Maryland, New York City, Philadelphia, Baltimore & Washington, D.C

This deal was financed by J.P. Morgan, who provided a loan amount of $367,830,000. The landlord for the property is Ares Management Real Estate. Cushman & Wakefield, represented by John Alascio, Alex Hernandez, Alex Lapidus, Chuck Kohaut, T.J. Sullivan, and Jason Blankfein, acted as the brokers in this transaction.

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Deals
  • Location
    New Jersey, United StatesNew Jersey, United States
  • Loan Value
    $367,830,000$367,830,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

TJ Sullivan

TJ Sullivan

Deals26
Financed$1.9B

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4188
Volume$167B

Deal Summary

LOAN IMAGE: John Alascio, Alex Hernandez, Alex Lapidus, T.J. Sullivan, Chuck Kohaut & Jason Blankfein DATE: 07/18/2022 ADDRESS: East Coast Logistics Portfolio MARKET: New Jersey, Pennsylvania, Maryland, New York City, Philadelphia, Baltimore & Washington, D.C ASSET TYPE: Industrial ~ SF: 3,034,000 LENDER: J.P. Morgan LANDLORD: Ares Management Real Estate BROKERS: John Alascio, Alex Hernandez, Alex Lapidus, Chuck Kohaut, T.J. Sullivan & Jason Blankfein - Cushman & Wakefield LOAN AMOUNT: $367,830,000

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Cushman & Wakefield brokers loan on a logistics portfolio for $367,830,000

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