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KRE Group & National Real Estate Advisors secure $258 million in construction financing



JERSEY CITY, NJ — KRE Group, a full-service real estate investment and management company with more than five decades of experience, and National Real Estate Advisors, LLC (National), an investment manager specializing in build-to-core, today announced they have closed on $258 million in financing for the construction of Tower Two at Journal Squared, the mixed-use development complex credited with helping to reenergize Jersey City’s historic Journal Square neighborhood. Wells Fargo Bank, N.A. and Capital One, National Association provided the construction loan. “The closing of this loan signifies another important milestone for the Journal Squared development, which will continue to bring much-needed housing to this transit-centric neighborhood,” said Jonathan Kushner, president of KRE Group. “Construction of the second tower is already well underway and we look forward to bringing it to completion in 2021.”

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