New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Lincoln Equities Secures $106M Bridge Loan for Putnam County Industrial
JLL Capital Markets arranged a $106-million loan for Building B @ Interstate Crossings, a newly constructed, Class A industrial facility totaling 618,048 square feet in Brewster, NY. Senior managing Director Peter Rotchford and director Christopher Pratt represented Lincoln Equities Group in securing the bridge financing from affiliates of Apollo and CenterSquare Investment Management.
The loan includes a future funding component, which will be drawn upon as leases are signed and the property reaches stabilization.
“Industrial assets of this scale and quality are exceptionally rare in Westchester and Putnam County, where barriers to entry and limited available land have constrained new development for decades,” said Pratt. “This financing reflects strong conviction in both the asset and market fundamentals, creating an attractive outcome for ownership and lenders alike.”
The property was delivered in 2025 as one of the few large-scale, modern industrial developments to come online in the region in decades. Its delivery follows the lease-up of the adjacent Building A @ Interstate Crossings.
Don’t Miss Carter Andrus, Chief Operating Officer of Prologis, as the keynote interview at Connect Industrial Midwest.— taking place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, IL.
- ◦Financing
