Bridge Lands $64 Million Construction Loan for 211,000 SF Spec Warehouse in Newark
Bridge Industrial has secured $64.3 million in financing to build more than 200,000 square feet of new logistics space in Newark’s port district, brokers with JLL announced.
According to the debt placement team, an affiliate of Heitman LLC is providing the three-year construction loan in connection with the project at 17 Blanchard St. JLL noted that the development, known as Bridge Point 15E, will create a 211,388-square-foot modern distribution center less than a half-mile from New Jersey Turnpike Exit 15E and under three miles from Newark Liberty International Airport and Port Newark-Elizabeth.
//re-nj.com
