{"id":1004760482,"date":"2025-06-04T02:14:57","date_gmt":"2025-06-04T10:14:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004760482"},"modified":"2025-06-05T00:05:28","modified_gmt":"2025-06-05T08:05:28","slug":"advanced-realty-jv-lands-300m-for-new-jersey-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/advanced-realty-jv-lands-300m-for-new-jersey-campus\/","title":{"rendered":"Advanced Realty JV Lands $300M for New Jersey Campus"},"content":{"rendered":"\n

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\"Aerial<\/a>
Linden Logistics Center comprises more than 4 million square feet across seven buildings. Image courtesy of Cushman & Wakefield<\/em><\/figcaption><\/figure><\/div>\n\n\n

Advance Realty Investors and Greek Real Estate Partners have secured $300 million in fixed-rate permanent financing for three industrial buildings totaling nearly 1.6 million square feet at Linden Logistics Center in Linden, N.J. Cushman & Wakefield worked on behalf of the ownership. The eight-year loan was originated by Northwestern Mutual, according to CommercialEdge.<\/p>\n\n\n\n

Constructed in 2022, Buildings 300, 400 and 700 are part of Phase II of the seven-building, 4.1 million square-foot industrial complex in the heart of Northern New Jersey\u2019s port industrial market. The facilities feature 40-foot clear heights, cross-docked and front-loaded configurations and ample parking. Building 700 is the largest, at 735,220 square feet, while Building 300 has 472,610 square feet and Building 400 has 372,159 square feet.<\/p>\n\n\n\n

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READ ALSO:<\/strong> New Jersey\u2019s Industrial Sales Lead the Nation<\/a><\/p>\n\n\n\n

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Linden Logistics Center is 94 percent leased to prominent tenants including Samsung Electronics America and OCM Globe. Vanguard Logistics is leasing 372,159 square feet at Building 400. Winit committed to 367,610 square feet at Building 700 and Fabuwood Cabinetry occupies 197,027 square feet at Building 300.<\/p>\n\n\n\n

The industrial campus is at 100-700 Linden Logistics Way, just east of Interstate 95. Newark International Airport is roughly 10 miles away.<\/p>\n\n\n\n

Cushman & Wakefield representation<\/h2>\n\n\n\n

Cushman & Wakefield\u2019s John Alascio, Alex Hernandez, Chuck Kohaut, TJ Sullivan and Mitch Rothstein secured the financing for the borrowers. The brokerage firm also arranged loans for the center\u2019s owners in 2021 and 2022. <\/p>\n\n\n\n

Advance Realty Investors and Greek Real Estate Partners secured a nearly $141.8 million loan from Wells Fargo for the third phase at Linden Logistics Center<\/a> in July 2022. The financing covered the development of two industrial buildings totaling roughly 850,000 square feet.<\/p>\n\n\n\n

In December 2021, Northwestern Mutual provided the developers with a $235 million, 10-year fixed-rate loan<\/a> to refinance two other facilities at the logistics center. At the time, the buildings were fully leased to World Distribution Services and Peloton Interactive Inc.<\/p>\n\n\n\n

Robust demand, strategic location<\/h2>\n\n\n\n

Cushman & Wakefield brokers note the transaction highlights the robust demand for Class A industrial space in the Port of New York and New Jersey region. The site is attractive to e-commerce and logistics companies as a critical hub for logistics and those seeking last-mile distribution solutions.<\/p>\n\n\n\n

While the overall New Jersey industrial market experienced a slowdown early in the year with leasing activity slowing due to concerns over tariffs, the Port Region and Meadowlands submarkets posted occupancy gains, according to Cushman & Wakefield\u2019s first-quarter market report. Class A properties in those submarkets posted positive net absorption driven by strong demand for newly delivered product. The Port Region and Port South submarkets drove leasing in the first quarter, representing 35.3 percent of the total activity.<\/p>\n\n\n\n

Completions of new industrial properties slowed during the first quarter to just 517,288 square feet. But preleasing strengthened as developers shifted focus toward build-to-suit projects rather than speculative developments. Cushman & Wakefield noted this could ultimately lead to a healthier, more balanced market in the coming year.<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s the second time Northwestern Mutual provided financing for this property.<\/p>\n","protected":false},"author":1068,"featured_media":1004760487,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21742,10],"tags":[46952,32799,52399,37376],"class_list":["post-1004760482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-latest","category-northeast","tag-advance-realty-investors","tag-cushman-wakefield","tag-greek-real-estate-partners","tag-northwestern-mutual"],"acf":[],"yoast_head":"\nAdvanced Realty JV Lands $300M for New Jersey Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Advance Realty Investors and Greek Real Estate Partners obtained $300 million for three facilities at Linden Logistics Center in Linden, N.J.\" \/>\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\/advanced-realty-jv-lands-300m-for-new-jersey-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advanced Realty JV Lands $300M for New Jersey Campus\" \/>\n<meta property=\"og:description\" content=\"Advance Realty Investors and Greek Real Estate Partners obtained $300 million for three facilities at Linden Logistics Center in Linden, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/advanced-realty-jv-lands-300m-for-new-jersey-campus\/\" \/>\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=\"2025-06-04T10:14:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-05T08:05:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Linden-Logistics-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1202\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/advanced-realty-jv-lands-300m-for-new-jersey-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/advanced-realty-jv-lands-300m-for-new-jersey-campus\/\",\"name\":\"Advanced Realty JV Lands $300M for New Jersey Campus - 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