{"id":1004188059,"date":"2017-08-23T05:22:29","date_gmt":"2017-08-23T13:22:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004188059"},"modified":"2017-08-23T05:22:29","modified_gmt":"2017-08-23T13:22:29","slug":"fully-leased-nj-industrial-asset-nabs-15m-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fully-leased-nj-industrial-asset-nabs-15m-financing\/","title":{"rendered":"Fully Leased NJ Industrial Asset Nabs $15M Financing"},"content":{"rendered":"

By Corina Stef<\/p>\n

\"Route<\/a>

Route 80 Distribution Center, Paterson, N.J.<\/p><\/div>\n

Cushman & Wakefield\u2019s Equity, Debt & Structured Finance team represented Camber Real Estate Partners and Advance Realty in the financing of 80 Distribution Center,<\/strong> a 245,529-square-foot industrial facility in Paterson, N.J. The $15.3 million loan was funded by First Bank. According to Yardi Matrix, the joint venture acquired the property from Ivy Realty for $23.6 million.<\/p>\n

Infill location\u00a0<\/h2>\n

The asset is located at 1200 Madison Ave., right off Interstate 80, providing easy access to and from the New York City metro area. The building was initially developed for Coca-Cola in 1967, and it is fully leased. The largest tenants are M. Tucker and SupplyOne. Amenities include 30-foot ceiling heights, 21 loading positions and 540 parking spaces.<\/p>\n

Cushman & Wakefield\u2018s John Alascio, Sridhar Vankayala and Noble Carpenter III represented the owners in the financing transaction. A team from the firm\u2019s Metropolitan Area Capital Markets Group comprising Ryan Larkin, Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt and industrial leasing specialist Andrew Siemsen acted on behalf of the sellers and procured the buyers for the property.\u00a0<\/p>\n

In another recent deal, the company facilitated the sale of a\u00a0New Jersey industrial facility<\/a>,\u00a0340 Stiles St., in Linden.<\/p>\n

Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Arranged by Cushman & Wakefield, the loan was used for Camber Real Estate Partners and Advance Realty’s acquisition of a distribution center in Paterson, N.J.<\/p>\n","protected":false},"author":241,"featured_media":1004188064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,1600,21742,10],"tags":[37332,37331,34896,37330],"class_list":["post-1004188059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-new-york","category-latest","category-northeast","tag-advance-realty","tag-camber-real-estate-partners","tag-cushman-wakefield","tag-ivy-realty"],"acf":[],"yoast_head":"\nFully Leased NJ Industrial Asset Nabs $15M Financing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fully-leased-nj-industrial-asset-nabs-15m-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fully Leased NJ Industrial Asset Nabs $15M Financing\" \/>\n<meta property=\"og:description\" content=\"Arranged by Cushman & Wakefield, the loan was used for Camber Real Estate Partners and Advance Realty's acquisition of a distribution center in Paterson, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fully-leased-nj-industrial-asset-nabs-15m-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-23T13:22:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/0BE6C58F-DAAC-4917-8FBD-4C095E482643.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-nj-industrial-asset-nabs-15m-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-nj-industrial-asset-nabs-15m-financing\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Fully Leased NJ Industrial Asset Nabs $15M Financing\",\"datePublished\":\"2017-08-23T13:22:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-nj-industrial-asset-nabs-15m-financing\\\/\"},\"wordCount\":220,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-nj-industrial-asset-nabs-15m-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/08\\\/0BE6C58F-DAAC-4917-8FBD-4C095E482643.jpg\",\"keywords\":[\"Advance Realty\",\"Camber Real Estate Partners\",\"Cushman & Wakefield\",\"Ivy Realty\"],\"articleSection\":[\"Deals\",\"Finance\",\"Industrial\",\"New York\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-nj-industrial-asset-nabs-15m-financing\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fully-leased-nj-industrial-asset-nabs-15m-financing\\\/\",\"name\":\"Fully Leased NJ Industrial Asset Nabs $15M Financing - 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