July 21, 2020 Comments Off on South Jersey Industrial Lands $103M Construction Loan Views: 419 New Jersey, New York News, Tri-State Area New York

South Jersey Industrial Lands $103M Construction Loan

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Cushman & Wakefield served as the exclusive adviser to Advance Realty Investors and Greek Development in obtaining $103,481,000 in construction financing for Buildings H and E at Logan North Industrial Park, a planned 3,190,000-square-foot Class A industrial site in Logan Township, NJ. The loans were provided by Wells Fargo and Provident Bank.

A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Sri Vankayala, Chuck Kohaut, TJ Sullivan and Maya Steinberger represented the borrower.

“It is a true testament to Wells Fargo and Provident Bank in understanding the vision and value proposition of Logan North in our uncertain economic environment,” said Advance’s Alexander Cocoziello. “Our team could not be more pleased with the execution of Cushman & Wakefield and the broader sponsor team in these two deals.”

Alascio added, “Wells Fargo and Provident Bank set forth competitive terms that led to a seamless execution.”

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