Brookfield lends $ 107 million for logistics project in New Jersey

By Andrew McIntyre (Nov 24, 2021, 3:03 p.m. EST) – Brookfield has loaned a Lincoln Equities Group firm and investment firm PCCP $ 107.4 million for a logistics property in New Jersey, according to an announcement made Wednesday by the borrower. broker Cushman & Wakefield.

The loan is for building 100 of the Bayonne Logistics Center, located in Bayonne, New Jersey. The borrower’s business recently purchased the property and plans to build a 332,640 square foot complex on it.

“This financing represented an attractive opportunity for lenders, given the location and strength of the industrial market in the port area,” John Alascio of Cushman & Wakefield said in a statement Wednesday. “We are pleased…

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