Bridge Industrial Inks $33 Million Construction Loan for East Hanover Project
Bridge Industrial has obtained a $33 million construction loan for a project that will bring more than 300,000 square feet of new warehouse space to Morris County.
According to JLL, which placed the debt, Hartford Investment Management Co. is providing the four-year, floating-rate financing in connection with what’s known as Bridge Point East Hanover. Located at 11 Mount Pleasant Ave., the development will span 314,413 square feet in a facility likely serving eastern Morris County and western Essex County, with 32-foot clear ceiling heights, 62 dock-high doors, and parking for 60 trailers and 100 cars.
//re-nj.com
