{"id":1004557689,"date":"2021-11-15T03:26:46","date_gmt":"2021-11-15T11:26:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004557689"},"modified":"2022-12-08T09:59:19","modified_gmt":"2022-12-08T17:59:19","slug":"lincoln-equities-pccp-secure-107m-for-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-equities-pccp-secure-107m-for-industrial-project\/","title":{"rendered":"Lincoln Equities, PCCP Secure $107M for Industrial Project"},"content":{"rendered":"<div id=\"attachment_1004557698\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Bayonne-Logistics-Center-building-100.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004557698\" data-attachment-id=\"1004557698\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lincoln-equities-pccp-secure-107m-for-industrial-project\/bayonne-logistics-center-building-100\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Bayonne-Logistics-Center-building-100.png\" data-orig-size=\"693,547\" 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=\"Bayonne Logistics Center building 100\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bayonne Logistics Center \u2013 Building 100. Image courtesy of Cushman &#038; Wakefield&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Bayonne-Logistics-Center-building-100.png?w=693\" class=\"wp-image-1004557698 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Bayonne-Logistics-Center-building-100.png?w=300\" alt=\"Bayonne Logistics Center \u2013 Building 100\" width=\"300\" height=\"237\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Bayonne-Logistics-Center-building-100.png 693w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Bayonne-Logistics-Center-building-100.png?resize=300,237 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004557698\" class=\"wp-caption-text\">Bayonne Logistics Center \u2013 Building 100. Image courtesy of Cushman &amp; Wakefield<\/p><\/div>\n<p>Lincoln Equities Group and PCCP have landed acquisition and construction financing for the latest project within their New Jersey warehouse and distribution center. Brookfield provided a $107.4 million loan to the partnership to construct Building 100 of Bayonne Logistics Center.<\/p>\n<p>Cushman &amp; Wakefield\u2019s John Alascio, Chuck Kohaut, TJ Sullivan, Zachary Kraft, Gary Gabriel and Kyle Schmidt represented Lincoln Equities and PCCP. Alascio and Kraft told <em>Commercial Property Executive <\/em>that the loan has a two-year construction term.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/from-multifamily-to-industrial-wharton-equity-partners-success-story\/\">The Big Pivot: How Wharton Equity Made the Switch to Industrial<\/a><\/p>\n<hr>\n<p>Building 100 is expected to break ground in the first quarter of 2022, Alascio and Kraft also told <em>CPE<\/em>, for an expected completion in October 2022. The partnership will construct the 332,640-square-foot industrial complex on a 45.4-acre site.<\/p>\n<p>\u201cVarious tenants who are interested in the property may ultimately end up changing the scope of the building prior to completion,\u201d Alascio and Kraft told <em>CPE<\/em>. \u201cBut when we were marketing the space, we were showing 66 dock-high trailer doors and two drive-in ramps, as well as 40-foot clear heights.\u201d<\/p>\n<p>Building 100 will also benefit from Bayonne Logistics Center\u2019s prime location with direct access to Route 440, which connects to Routes 1 and 9 as well as Interstate 78. The property will also be located 800 feet from Bayonne\u2019s Global Container Marine Terminal and have direct access to the Hudson River and Newark Bay. According to Lincoln Equities, the industrial property is ideally suited for e-commerce and same-day delivery providers for the New York City metro market.<\/p>\n<h2>Transforming the Military Ocean Terminal<\/h2>\n<p>Building 100 will be Lincoln Equities\u2019 latest project as part of its overall Bayonne Logistics Center that will total four buildings. The company initially <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-equities-group-plans-1-6-msf-nj-industrial-project\/\">agreed to acquire<\/a> the former 90-acre waterfront site of Military Ocean Terminal from Highstar Capital in April 2018. Lincoln Equities had plans to redevelop the site into a complex that would offer 1.6 million square feet of industrial space.<\/p>\n<p>North of Bayonne, Lincoln Equities also partnered with PCCP to acquire another industrial property within reach of the New York City metro area in April. The partners <a href=\"https:\/\/www.commercialsearch.com\/news\/pccp-lincoln-equities-form-first-venture-for-new-york-industrial-buy\/\">purchased a three-building portfolio<\/a> totaling 260,855 square feet in Valley Cottage, N.Y.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The building will rise within one of the most land-constrained port markets in the world. <\/p>\n","protected":false},"author":883,"featured_media":1004557698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21825,22251,21748,1600,21742,10],"tags":[33497,32799,36634,33053],"class_list":["post-1004557689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-finance","category-in-focus","category-industrial","category-new-york","category-latest","category-northeast","tag-brookfield-properties","tag-cushman-wakefield","tag-lincoln-equities-group","tag-pccp-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lincoln Equities, PCCP Secure $107M for Industrial Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The building will rise within one of the most land-constrained port markets in the world. The building will rise within one of the world\u2019s most land-constrained port markets in the world.\" \/>\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\/lincoln-equities-pccp-secure-107m-for-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lincoln Equities, PCCP Secure $107M for Industrial Project\" \/>\n<meta property=\"og:description\" content=\"The building will rise within one of the most land-constrained port markets in the world. 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