A project by Lincoln Equities Group will bring 420,024 square feet of new industrial space to a site at 861 Sloan Ave. in Hamilton. — Rendering courtesy: Cushman & Wakefield
By Joshua Burd
Lincoln Equities Group has landed nearly $61 million in financing to build more than 420,000 square feet of new industrial space in Hamilton, brokers with Cushman & Wakefield said.
The debt placement team said PCCP LLC is providing the loan in connection with the project at 861 Sloan Ave., where plans call for 40-foot clear ceiling heights, 84 loading docks, two drive-in doors and parking capacity for 556 cars and 81 trailers. With the financing, LEG is now slated to complete a facility that will be directly off Interstate 295 and minutes from a host of other highways, with Cushman also noting that it’s a short walk from NJ Transit’s Hamilton station.
C&W’s John Alascio, Chuck Kohaut, TJ Sullivan and Jason Blankfein sourced the $60.8 million loan on the borrower’s behalf.
“This transaction underscores the strong demand for high-quality industrial assets in strategic locations,” Alascio said. “861 Sloan Avenue’s proximity to key ports and major highways, coupled with the robust local consumer base, makes it an attractive opportunity for investors.”
