February 23, 2022
Cushman & Wakefield (C&W) announced that the real estate services company acted as exclusive advisor to Stalwart Equities in securing $42,750,000 acquisition financing for Logan Township Industrial Park, a 171 .3 acres in Logan Township. The bridge loan was provided by SKW Funding.
“Logan Township Industrial Park is ideally positioned in the southern New Jersey industrial market which has really taken off in recent years,” said John Alascio of C&W Equity, Debt & Structured Finance. “Combined with top-notch sponsorship, the property has generated tremendous interest from lenders, which has helped us secure very competitive financing terms for this exciting acquisition.”
The over one million buildable square foot site is zoned industrial in its own right and should be fully cleared for development in 12 to 18 months. When complete, the property will include two Class A distribution facilities, each equipped with transload capability, ample trailer and car parking, and 40-foot ceiling clearance.
“Stalwart Equities has an impressive and growing industrial pipeline in the Tri-State area. SKW offered market-leading financing terms that were compelling to Stalwart, resulting in a strong new lending relationship and fantastic results for our client,” added TJ Sullivan, also of C&W Equity, Debt. & Structured Finance.
Located on Route 130 and minutes from Interstate 295 and the New Jersey Turnpike, the asset provides direct access to surrounding areas of New Jersey and Philadelphia.
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