Lincoln Equities, PCCP Secure $126M Refi on Bayonne Warehouse

Cushman & Wakefield advised Lincoln Equities Group and PCCP, LLC in procuring $126,290,000 in refinancing for Bayonne Logistics Center – Building 100, a newly-built 332,640-square-foot industrial complex with an additional five acres of industrial outdoor storage located at 101 Port Lincoln Rd. in Bayonne. The floating-rate bridge financing loan was provided by Ares Management, LLC.

A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, TJ Sullivan, Chuck Kohaut and Mitch Rothstein represented the borrowers.

“We believe Bayonne Logistics Center – Building 100 offers an unmatched opportunity for tenants prioritizing top-tier industrial space and market-leading access,” said Alascio. “With its location proximate to Global Container Terminal Bayonne, we believe Lincoln Equities Group and PCCP have built an asset uniquely positioned asset to support port-centric operations in one of the most competitive and supply-constrained industrial markets in the country.”

Added Lance Bergstein, CEO of Lincoln Equities, “Having recently received certificate of occupancy, we believe this financing perfectly positions this asset for the lease up stage of the project.”

Michael Brennan will receive Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!