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Share 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 unparallel ....
Cushman & Wakefield announced today that the real estate services firm served as the exclusive advisor to affiliates of Certes Partners, the Hakimian Organization and Red Pine Capital Partners in arranging $59,400,000 for the construction financing of The Enclave, a 113-unit multifamily project in Harlem. The floating-rate financing was provided by affiliates of SCALE Lending. A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Sri Vankayala, Alex Lapidus and Meredith Donovan represented the borrower. The Enclave is a Class A, transit-oriented, residential development located at 212 East 125th Street through 215 East 124th Street in East Harlem. The project will feature retail frontage along 125th Street and a residential lobby on 124th Street. ....
Share Cushman & Wakefield served as the exclusive advisor to affiliates of Muss Development, LLC in arranging $52 million for the refinancing of Flushing Plaza in Queens, New York. The 10-year fixed-rate financing was provided by affiliates of Bank of America. Institutionally owned and managed by the Muss family and its partner for more than 35 years, Flushing Plaza is an office location for companies, government institutions and the noteworthy medical professionals. The asset comprises 233,436 s/f of long-term leased office space including 71,930 s/f of medical office space, 10,653 s/f of prime retail space and an 808-space parking garage. A Cushman & Wakefield Equity, Debt & Structured Finance team of Gideon Gil and Alex Lapidus represented the borrower. ....
Cushman & Wakefield served as the exclusive advisor to Camber Real Estate Partners in the procurement of $69,500,000 for the financing of the Crossings Industrial Portfolio, a 25-building, 1.2 million-square-foot light industrial portfolio situated across Bucks County, PA and Southern NJ. The floating-rate financing was provided by Natixis. A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Sridhar Vankayala, Chuck Kohaut, TJ Sullivan and Meredith Donovan represented Camber. “The portfolio represents an ideal mix of functional, multi-tenanted and well-located light industrial assets in Greater Philadelphia’s most sought after submarkets: Bucks County and Southern New Jersey,” said Alascio. “The portfolio’s strong performance throughout the COVID-19 pandemic is exemplary of the strong and diversified tenant roster, as well as the area’s unprecedented tenant demand.” ....