Madison Realty Capital has originated a $654 million mortgage and mezzanine loan to 2020 Acquisitions, a New Jersey–based development firm, to refinance and complete a portion of the Central 9 Logistics Park, a nine-building, 4.1 million-square-foot industrial campus located in Old Bridge, N.J. The financing will be used to refinance five buildings in Phase 1 of the development, and cover construction and leasing costs for two buildings in Phase 2 of the development.
Shaya Ackerman, Steven Treitel, and Jacob Levy of NAMREKCA Capital arranged the transaction.
Located directly off Route 9, the property is positioned between key logistics arteries including the Garden State Parkway, New Jersey Turnpike and Interstate 287, offering convenient access to Port Newark, Port Elizabeth, Newark Airport and New York City. Tenants will benefit from proximity to one of North America’s largest industrial markets, direct access to the densest consumer population in the United Stat
