December 7, 2018 Comments (0) Views: 351 National News, New Jersey, Northeast

Acquisition Financing Arranged for NJ Distribution Center

Cohen Asset Management secured $41.5 million in acquisition financing for Middlesex Logistics Center, a fully-leased, Class A, 507,000-square-foot warehouse and distribution center in the New York Metro-area community of Edison, NJ. HFF worked on behalf of the borrower to place the 10-year, fixed-rate loan with Principal Real Estate Investors.

Completed in 2014, the building features 36-foot clear heights, 101 loading docks and parking for 190 cars and 135 trailers. The property is located at 549 Mill Road, roughly 35 miles southwest of New York City and 25 miles from Port of Newark-Elizabeth.

The HFF debt placement team representing the borrower included Jon Mikula and Andrew Zilenziger. HFF arranged the original capital structure for the development in 2014.

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