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

JV Between Invesco and The Hampshire Secures $34.5M Financing for NJ Industrial Development 

A joint venture between Invesco Real Estate and The Hampshire Companies has secured $34.5 million in construction financing through Texas Capital Bank for the development of 30 Cross Street, a two-building warehouse and distribution center in Bogota and Ridgefield Park, New Jersey. 

The facility will total 187,530 square feet and comprise two buildings with 21 dock-high doors and 268 automobile parking spaces. The 11.71-acre site offers access to New York City via the George Washington Bridge. 

JLL Capital Markets represented the borrower in securing the three-year floating-rate loan with a team led by senior managing directors Michael Klein, John Rose, and Jon Mikula, and associate Ryan Carroll. 


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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