CBRE has secured a $19.5 million loan for a soon-to-be-completed, 305,598 s/f warehouse/industrial
facility at 2270 Route 130 in South Brunswick, New Jersey.
Through a competitive marketing campaign, CBRE arranged the loan on behalf of 2270 Route 130 LLC.
James Gunning, Donna Falzarano and Kyle Saviano of CBRE’s Debt & Structured Finance team negotiated the financing.
Recognizing the borrower’s preference for long-term ownership, CBRE completed a targeted campaign, and secured a quote from Principal Real Estate Investors for a 20-year term.
Lenders’ appetites for industrial product remain strong and completing a thorough marketing effort ensures borrowers are benefitting from the most attractive terms available.
Situated in the heart of South Brunswick, the entire warehouse facility has been leased to Lasership, a last mile delivery company.