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Bank OZK Provides $93M in Financing for NJ Logistics Park
JLL Capital Markets has arranged $93 million in financing for Matrix Logistics Park – Mount Olive, an under-construction Class A industrial park in Mount Olive, NJ. The financing, secured from Bank OZK, will support two properties: a 196,748-square-foot facility at 2000 International Drive and a 585,000-square-foot facility at 3000 Continental Drive.
Located in the International Trade Zone, the park has access to major transport routes and the Mount Olive Train Station. Key features include high clear heights, loading docks and parking.
The JLL Capital Markets team was led by Thomas Didio and Jim Cadranell, Thomas E. Didio, Jr., Michael Lachs and Olivia Doody. “We continue to see very strong interest for to-be-built speculative industrial from a range of debt capital sources. Ultimately, Bank OZK stepped up to the plate to deliver an attractive solution for Matrix and their development partner, ” said Didio.
- ◦Financing
