N.J. Warehouse on Nearly 13-Acre Site Secures $27M Financing Boost

Bridge Industrial’s warehouse in Middlesex County, between Point Piscataway and Bridge, got a $27.1 million bridging loan. JLL Capital Markets put money into important logistics and industries.

The Piscataway warehouse at 10 Constitution Avenue has 147,620 square feet of space and is easy to get to. The distribution and logistics building has 36-foot clear ceilings, 41 dock-high doors, and two drive-in doors. This makes it more efficient and flexible. The 3,000-square-foot office may house several tenants, which is appealing to developers.

Focused on logistics Bridge Point Piscataway has 13 acres, 118 parking spaces, and 57 trailer spaces. Structure and a lot of storage and loading space make current supply systems better.

PPM America and JLL Capital Markets gave out industrial bridging loans. Kevin Badger, an analyst, and Michael Klein and Jon Mikula, senior managing directors at JLL, raised money. New Jersey’s industrial real estate has done well since it is adjacent to major roadways and population areas. Investors give money with confidence.

Experts claim that Bridge Point Piscataway is very important for distribution. Local and international businesses need the warehouse’s great infrastructure for loading, unloading, and logistics. With the money, Bridge Industrial can get the most out of its tenants and meet Jersey’s industrial demands.

The $27.1 million bridging loan will speed up renovations on the facility and get the warehouse ready for business, which will keep it competitive in the logistics industry, which changes quickly. This warehouse is good for big, flexible, modern businesses.

Sources:

• JLL Capital Markets

• Bridge Industrial Corporate Statements

• Middlesex County Property Records