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New York & Tri-State  + New Jersey  + Finance  | 

Cushman & Wakefield Lines Up Financing for Belleville Industrial Project

Cushman & Wakefield advised Lincoln Equities Group and The Carlyle Group in procuring $17,000,000 in predevelopment financing for 681 Main St., a 15.3-acre industrial site located in Belleville, NJ. The loan was provided by ConnectOne Bank.

Cushman & Wakefield’s John Alascio, Chuck Kohaut, TJ Sullivan and Jason Blankfein represented the borrowers. The partnership plans to demolish the existing structures on the site and finalize approvals to build two Class A industrial warehouses totaling approximately 204,550 square feet.

“681 Main St.’s exceptional last-mile location within the white-hot Meadowlands industrial market was highly compelling to lenders,” said Alascio. “We’re grateful for the opportunity to represent this partnership on such an exciting project.”

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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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