Brookfield borrows $ 107 million for New Jersey logistics project

By Andrew McIntyre (Nov. 24, 2021, 3:03 p.m. EST) – Brookfield has loaned $ 107.4 million to a Lincoln Equities Group company and investment firm PCCP for a logistics property in New Jersey, according to a statement from borrowers on Wednesday brokers Cushman & Wakefield.

The loan is for Building 100 at the Bayonne Logistics Center in Bayonne, New Jersey. The borrower company recently purchased the property and plans to build a 332,640 square foot complex there.

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

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About Natalee Broderick

Natalee Broderick

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