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New York & Tri-State  + New Jersey  + Finance  |  November 14, 2021
Bayonne Logistics Center building 100 Bayonne NJ
Paul Bubny
By: Paul Bubny

CushWake Advises on $107M Acquistion Loan for Bayonne Industrial

Cushman & Wakefield advised Lincoln Equities Group and PCCP in obtaining $107,400,000 in acquisition and construction financing for the Bayonne Logistics Center – Building 100. The loan was provided by Brookfield. 

A Cushman & Wakefield team of John Alascio, Chuck Kohaut, TJ Sullivan, Zachary Kraft, Gary Gabriel and Kyle Schmidt represented the borrower. 

“This financing represented a compelling opportunity for lenders, given the irreplaceable location and strength of the industrial market in the Port region,” said Alascio. “We are thrilled for our clients on this home-run execution.” 

Located at 42 Military Ocean Terminal in Bayonne, the Bayonne Logistics Center – Building 100 will be a 332,640-square-foot industrial complex. The site consists of approximately 45.4 acres of portside property and represents one of the last remaining industrial redevelopment opportunities of scale in the New York/New Jersey Port market. Construction is expected to be completed in October 2022. 

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Inside The Story

Cushman & Wakefield's Alascio

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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  • ◦Financing