Canyon Partners Real Estate announced it provided a $67 million senior loan to Kurv Industrial to refinance Kurv Elizabeth, a class A industrial property in Elizabeth, N.J. CBRE Group facilitated the transaction.
Delivered in mid-2024, Kurv Elizabeth comprises four buildings totaling more than 278,000 square feet. Designed to accommodate a variety of industrial users, the property offers flexible sizes, rear-load configurations and upgraded LED lighting.
The property is situated in an infill, waterfront location near the Port Newark-Elizabeth Marine Terminal, Newark Liberty International Airport and Interstate 95, with access to Interstate 78 and connectivity to Lower Manhattan and Pennsylvania’s Lehigh Valley. The surrounding Elizabeth industrial submarket benefits from limited new supply and demand from logistics and distribution users seeking access to the broader New York metropolitan area.
“Kurv Elizabeth represents a compelling opportunity to finance a
