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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.”
- ◦Financing
