Cushman & Wakefield served as exclusive adviser to Advance Realty Investors and Greek Development in arranging $235 million of permanent financing for Buildings E and G at Linden Logistics Center in Linden, N.J., the real estate services firm announced. Buildings E and G are two Class A facilities totaling over 1.32 million square feet. The 10-year, fixed-rate loan was provided by Northwestern Mutual.
“This is the culmination of the first of several phases in our development program, and we are so pleased to expand our great relationship with Northwestern Mutual. Currently, we’re under construction with the second phase encompassing another 1.6 million square feet in three separate buildings and look forward to delivering this phase in the third quarter of 2022,” said Peter Cocoziello, Advance Realty Investors CEO.
