LOGAN TOWNSHIP, NJ – Cushman & Wakefield has procured $103.5 million in construction financing for two industrial buildings in Logan Township, NJ, as the exclusive adviser to Advance Realty Investors and Greek Development.
The loans, provided by Wells Fargo and Provident Bank, are designated for buildings H and E within the planned 3.2-million-square-foot, class A industrial site, Logan North Industrial Park.
Building H will serve as Logan North Industrial Park's first asset to be developed out of ten total planned sites. The property is 100% pre-leased to Target, which will utilize the building as a flow center to fulfill online orders and restock retail centers. The facility, 60% of which will service retail stores and 40% will service for e-commerce needs, is estimated to create 1,300 jobs. Wells Fargo provided a $69 million construction loan for the development of building H.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
