42 Military Ocean Terminal Loan: $106.8 Million
Institution: Lincoln Equities Group Financier: (Confidential) Location: 42 Military Ocean Terminal, Bayonne, NJ Size of Property: 153 acres Cushman & Wakefield EDSF arranged $106.8 million of acquisition and pre-development financing for the purchase of a one-of-a-kind infill land site known as Lincoln Logistics Center in Bayonne, NJ. Located across the Hudson River on the New Jersey Gold Coast, the property is comprised of approximately 153 acres (94 upland acres and 59 riparian acres) of portside property representing one of the largest and last remaining industrial redevelopment opportunities of scale in the NY/NJ port market. The site offers excellent last-mile connectivity via the NJ Tpke., I-78, Rte. 440 and Rtes. 1 & 9.