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New York & Tri-State  + New Jersey  + Finance  |  November 2, 2023
Emily Fu
By: Emily Fu

Lakeland Bank Provides $9M for South Plainfield Industrial Site 

Lakeland Bank has provided $8.9 million in financing for 456 Hollywood Avenue in South Plainfield, New Jersey. The property, spanning 3.92 acres, features an 11,500-square-foot warehouse, ample paved and lit parking, and outdoor storage space.  

The site was acquired in April 2023, and the sponsor team subsequently signed a long-term lease with EquipmentShare, a construction technology firm. The property is located off Interstate 287 and near the Port of Newark.  

Cushman & Wakefield’s Equity, Debt & Structured Finance team represented the borrowers with a team of John Alascio, TJ Sullivan, Chuck Kohaut and Chris Meloni. 

Read More News Stories About: Cushman & Wakefield
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Inside The Story

John Alascio

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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