Cushman & Wakefield served as the exclusive advisor to Lincoln Equities Group and PCCP in the procurement of $107.4 million in acquisition and construction financing for the Bayonne Logistics Center–Building 100 in Bayonne, New Jersey. The loan was provided by Brookfield.
A Cushman & Wakefield team of John Alascio, Chuck Kohaut, TJ Sullivan, Zachary Kraft, Gary Gabriel and Kyle Schmidt represented the borrower.
The Bayonne Logistics Center–Building 100 will be a state-of-the-art, 332,640-square-foot industrial complex, the company said. The site consists of approximately 45.4 acres of trophy portside property and represents one of the last remaining industrial redevelopment opportunities of scale in the NY/NJ Port market. Construction is expected to be completed in October 2022.
“This financing represented a compelling opportunity for lenders, given the location and strength of the industrial market in the Port region,” said Alascio. “We are thrilled for our clients on this execution.”