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

Northbridge Partners Lands $27M for Industrial Portfolio in NJ, PA 

Northbridge Partners secured $27 million in financing for an industrial portfolio in New Jersey and Pennsylvania. The portfolio comprises three industrial warehouses spanning approximately 343,000 square feet, located at 5 Astro Place in Denville, NJ; 1450 Taylors Lane in Cinnaminson, NJ; and 420, 458-460, and 524 Imperial Court in Bensalem, PA.  

The loan was provided by a national insurance lender and was negotiated by Meridian Capital Group with a team led by Morris Betesh, Brandon Serota and Alex Bailkin. 

“Despite the market volatility associated with the regional bank crisis, Meridian and NorthBridge Partners were able to source a national life insurance company through their extensive network of lender relationships,” said Betesh. “The strong lender appetite for this transaction is a testament to the sponsorship group’s impressive and growing presence in the Philadelphia and Northern New Jersey submarkets as well as the robust demand in the industrial sector.”  


Inside The Story

Morris BeteshBrandon Serota Alex Bailkin

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.

  • ◦Financing
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