Cushman & Wakefield arranges $ 115 million industrial construction loan in New Jersey

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RESERFORD, NJ – () – Cushman & Wakefield (NYSE: CWK) announced that the real estate services company was acting as exclusive consultant to the Lincoln Equities Group on a $ 115 million acquisition to finance the construction of a 360,000 sqm Highland Cross industrial facility. -ft Class A industrial facility in Rutherford, NJ. The loan was provided by PTSZ LLC.

The Borrower was represented by the Cushman & Wakefield Investment, Debt and Structured Finance team of John Alacio, Chuck Kohout, T.

“Highland Cross has provided lenders with an excellent opportunity to finance the construction of a modern, fully leased Class A distribution center located in the heart of the Meadowlands industrial market,” said Alacio. “We had a competitive process and PCCP provided smooth execution for our client on very attractive terms.”

“We are delighted to close another loan through Cushman & Wakefield and further expand our relationship with the Lincoln Equities team,” said Ryan Dodge, senior vice president of PCCP. “This loan was an excellent opportunity for further investment in the industrial market in Northern New Jersey.”

Highland Cross is located in Rutherford in Bergen County at the intersection of New Jersey Highways (I-95) and New Jersey Routes 3 and 17. The property will be approximately 360,000 square feet and is 100% pre-leased to an investment grade logistics tenant. With convenient access to New York City, the Port of New York / New Jersey and 18 million consumers within one hour’s drive, Highland Cross is optimally positioned to capitalize on sustained growth in demand for last mile industrial products close to consumers … workforce and infrastructure.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading international real estate services firm that delivers exceptional value to tenants and property owners. Cushman & Wakefield is one of the largest real estate services firms with approximately 50,000 employees in over 400 offices in 60 countries. In 2020, the company generated revenue of $ 7.8 billion from core services in real estate, property and project management, leases, capital markets, appraisal and other services. To find out more visit www.cushmanwakefield.com or follow @CushWake on Twitter.

About Lincoln Equities Group

Lincoln Equities Group LLC (LEG) was founded in 1980 and has become one of the leading real estate companies in the Northeast. LEG currently owns, operates and operates over 5 million square feet of R&D, industrial and office properties throughout the Three State. The company is currently building more than 5 million square feet of industrial space in New York and New Jersey and recently committed 2.4 million square feet of industrial space in Piscataway, New Jersey. Since 2000, LEG has completed over 40 acquisitions and sales for a total value of over $ 3.0 billion.

About PSSP, OOO

PCCP, LLC is a real estate investment finance and management company specializing in commercial real estate and equity investments. PCCP manages $ 12.8 billion in assets on behalf of institutional investors. With offices in New York, San Francisco, Atlanta and Los Angeles, PCCP has 22 years of experience providing property owners and investors with a wide range of financing options to meet their capital requirements. PCCP provides a guarantee on the entire capital stack to exploit market inefficiencies and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $ 25.2 billion in capital through a range of investment vehicles, including private equity funds, segregated accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators looking for fast and reliable capital. Learn more about PCCP at www.pccpllc.com



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