Bridge Industrial has secured a $25 million construction loan for a project that will bring nearly 200,000 square feet of new industrial space to northern Middlesex County.
According to JLL, which arranged the financing, the South Plainfield facility is slated for delivery in the fourth quarter of this year. Plans call for a single 189,059-square-foot building at 602 New Market Ave. with 36-foot clear ceiling heights and other modern features, in a location some two miles from Interstate 287 and minutes from the New Jersey Turnpike.
Simmons Bank is providing the three-year, floating-rate construction loan.
//re-nj.com
