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New York & Tri-State  + New Jersey  + Industrial  |  November 6, 2023
Emily Fu
By: Emily Fu

Affinius Originates $102M for NJ Logistics Center 

Affinius Capital has provided a $102 million loan to finance the second phase of the Tac-Pal Logistics Center, an industrial development in Palmyra, New Jersey.  

The center, developed by Crow Holdings Capital, includes two 700,000-square-foot buildings, with the first phase completed in June 2023. The second phase will offer 40-foot clear heights and a cross-dock building configuration, accommodating 166 tailgates, 4 drive-up ramps, 438 auto parking spaces, and 236 trailer parking spaces.  

Bank OZK provided the senior portion of the financing. The financing was arranged by John Rose and Chad Orcutt, of JLL’s Dallas and Philadelphia offices.  

Read More News Stories About: JLL
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Inside The Story

John Rose

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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