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PCCP Furnishes $61M Construction Loan for Trenton-Area Spec Industrial
PCCP, LLC has provided a $60.8-million senior construction loan to Lincoln Equities Group for the speculative development of a 420,024-square-foot, Class A industrial building located at 825 Sloan Ave. in Hamilton, NJ, a suburb of Trenton. Construction has now commenced with completion anticipated for late 2025.
Situated on a 48-acre site, the fully entitled property will feature a rear-load warehouse, 40’ clear heights with 566 car parking spaces, 81 trailer parking spaces, 84 dock doors, two drive-in doors and 10,000 square feet of office. The property can accommodate a single user or multiple users.
“PCCP believes that this construction loan provides us with a compelling opportunity to finance an experienced partner on a well-located site in a core industrial location with strong access to labor,” said VP Lia Barsanti with PCCP.
825 Sloan tenants will be able to access the property from a four-way interchange immediately off I-295. The property’s adjacency to I-295 allows for quick access to the region’s main thoroughfares and its positioning between New York City and Philadelphia makes it a favorable location for both last-mile and mid-mile distribution.
- ◦Financing
