A $27.1 million bridge financing loan has been arranged for a 147,620-square-foot warehouse in Middlesex County, JLL Capital Markets said in a statement.
The financing was secured for Bridge Industrial’s Bridge Point Piscataway facility, located at 10 Constitution Ave., Piscataway.
JLL worked on behalf of the borrower to obtain the loan through PPM America, Inc.
The distribution center includes 36-foot clear ceiling heights, 41 dock-high doors and two drive-in doors.
The facility sits on a 12.84-acre site with 118 car parking spaces and 57 trailer stalls.
The warehouse also contains 3,000 square feet of office space and can be configured for single or multiple tenants.
The JLL Capital Markets team was led by senior managing directors Michael Klein and Jon Mikula, along with analyst Kevin Badger.
Read the original article on NJ.com. Add NJ.com as a Preferred Source by clicking here.