{"id":1004220072,"date":"2018-04-17T23:47:02","date_gmt":"2018-04-18T07:47:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004220072"},"modified":"2022-12-08T22:43:35","modified_gmt":"2022-12-09T06:43:35","slug":"foxfield-and-novaya-receive-8m-loan-for-nj-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/foxfield-and-novaya-receive-8m-loan-for-nj-acquisition\/","title":{"rendered":"Foxfield and Novaya Receive $8M Loan for NJ Acquisition"},"content":{"rendered":"<p>By Tudor Scolca<\/p>\n<div id=\"attachment_1004220078\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/One-Kildeer-Court.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004220078\" data-attachment-id=\"1004220078\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/foxfield-and-novaya-receive-8m-loan-for-nj-acquisition\/one-kildeer-court\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/One-Kildeer-Court.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"One Kildeer Court\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;One Kildeer Court&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/One-Kildeer-Court.jpg?w=640\" class=\"wp-image-1004220078 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/One-Kildeer-Court.jpg\" alt=\"One Killdeer Court\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/One-Kildeer-Court.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/One-Kildeer-Court.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004220078\" class=\"wp-caption-text\">One Killdeer Court<\/p><\/div>\n<p>Foxfield Industrial, a joint venture between Foxfield Ventures and Novaya Real Estate Ventures, has acquired a 193,379-square foot, three-building <a href=\"https:\/\/www.commercialsearch.com\/news\/novaya-sells-boston-area-industrial-portfolio-for-73m\/\">industrial portfolio<\/a> in Logan Township, N.J.\u00a0HFF arranged $7.6 million in acquisition financing with a private lender on behalf of the buyer.<\/p>\n<p>According to Yardi Matrix, the joint venture purchased the properties from Whitesell Construction. The HFF advisory team included Director\u00a0Michael Pagniucci and Senior Managing Director\u00a0Doug Rodio.<\/p>\n<h2>Well-equipped facilities<\/h2>\n<p>Located at 1 Killdeer Court, the largest asset in the portfolio encompasses 103,241 square feet and features 42- by 42-foot column spacing, 20-21 feet clear heights, insulated ceilings, fire sprinklers and climate control. Dubbed One Killdeer Court, the property includes one grade-level and 14 dock-high loading doors.<\/p>\n<p>The other two facilities are located at 603 and 614 Heron Drive and comprise 90,139 square feet of light industrial space. Boasting clear heights between 13 and 17 feet, 40 by 40 feet column spacing, dock levelers and bumpers, the buildings also feature a total of six grade-level and 30 dock-high loading doors.<\/p>\n<p>The portfolio is situated within the Pureland Industrial Complex, a 3,000-acre industrial park in Gloucester County, N.J., bordering the Delaware River and Raccoon Creek. The location provides immediate access to multiple distribution arteries, including Interstate 295, U.S. routes 322 and 130, as well as a short line railroad operated by SMS Rail. The ports of Camden and Philadelphia are about 12 miles from the park.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The joint venture invested in three properties located within Pureland Industrial Complex, a 3,000-acre park providing immediate access to major distribution routes and the Ports of Camden and Philadelphia.<\/p>\n","protected":false},"author":1284,"featured_media":1004220078,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,21742,10,1494],"tags":[32792,39362],"class_list":["post-1004220072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-latest","category-northeast","category-philadelphia","tag-hff","tag-novaya-real-estate-ventures"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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