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C&W Arranges $54M Financing for Meadowlands Industrial Property
Cushman & Wakefield facilitated a $53.5 million construction financing deal for Lincoln Equities Group’s 681 Main Street, a 15.3-acre industrial site in Belleville, New Jersey. PCCP provided the loan, with Cushman & Wakefield’s John Alascio, Chuck Kohaut, TJ Sullivan, and Jason Blankfein representing the borrower.
The site, located in the Meadowlands industrial market, involves redeveloping 681 Main Street into two buildings with a total of 204,407 square feet of warehouse space, featuring 33 loading docks, four drive-in doors, parking space, and 36’ clear heights.
“681 Main Street is situated in the densely populated Meadowlands industrial market, offering logistics and distribution tenants access to nearly 60 million consumers within a five-hour drive,” said Alascio.
- ◦Financing
