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Mesa West Provides $54M for NJ Industrial Development
Mesa West Capital has provided Bridge Industrial a $53.5 million construction loan for Bridge Point 999, a 291,758-square-foot industrial site in South Brunswick, NJ.
This new logistics hub will stand on a 26.6-acre plot in New Jersey’s Exit 8A submarket. Anticipated for completion in Q2 2024, the rear-load logistics building will feature 40-foot clear heights, column layouts, loading doors, and truck courts.
“This opportunity allows us to provide financing for state-of-the-art, class-A industrial product to a leading sponsor in a highly strategic submarket,” said Mesa West Capital Vice President Brian Hahn who helped lead the New York and Chicago-based origination team along with Executive Director Matt Snyder and Analyst Jacob Rosen. “Furthermore, within the 8A submarket market there remains a shortage of modern distribution centers between 100,000 and 300,000 square feet. This points to high market demand for this undersupplied industrial product.”
The financing was arranged by Steve Roth and Ryan Kieser from CBRE’s Chicago office.
- ◦Financing
