1460 Livingston Ave. in New Brunswick — Courtesy: JLL
By Joshua Burd
B&D Holdings has secured a $23 million acquisition loan for more than 200,000 square feet of industrial space in New Brunswick, brokers with JLL announced Thursday.
According to the debt placement team, an undisclosed lender provided the fixed-rate, five-year financing in connection with the six-building portfolio at 1460 Livingston Ave. The facilities total 206,069 square feet across 21 acres and are home to a range of tenants, JLL said, adding that they have 19- to 30-foot clear ceiling heights with 14 dock doors and 15 drive-ins.
“We are proud to have secured acquisition financing for Brunswick Industrial Campus on behalf of B&D Holdings,” JLL Director Max Custer said. “With its diverse tenant mix and strong market fundamentals the property is well-positioned for future growth and success.”
Custer sourced the $23.3 million loan alongside Managing Director Thomas E. Didio Jr. and Senior Analyst Benjamin Morgenthal, touting the portfolio’s location near New Jersey Turnpike Exit 9. That gives users easy access to other major transportation arteries, including Interstate 287 and Route 1, as well as Port Newark-Elizabeth and Newark Liberty International Airport.
