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Cushman & Wakefield served as the exclusive adviser to a partnership of Advance Realty Investors and Greek Development in the procurement of $42,600,000 in industrial construction financing for the second phase of Logan North Industrial Park, a 3.2-million-square-foot Class A industrial park in Logan Township, New Jersey.
The financings will facilitate the construction of Buildings A and F, which will measure 164,112 and 326,937 square feet, respectively. The financing was provided by Wells Fargo.
A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Chuck Kohaut and TJ Sullivan represented the borrower.
“Building off the success of the first phase of this project, where our client secured long-term leases from Target and Lineage Logistics prior to construction, we experienced a robust financing market for the second phase of this transformative project,” said Alascio. “The combination of top tier sponsorship and unparalleled location in
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