Columbia Pacific Advisors arranges $48.25M loan for 2 film production studios

Jersey City, NJ — Columbia Pacific Advisors Bridge Lending, a platform within Columbia Pacific Advisors, announced it has provided a $48.25 million loan for 14-16 Burma Rd. and 150 Theodore Conrad Dr. in Jersey City to INDUSTRY GO, a strategic alliance between Criterion Group and One Stop Properties. The NYC-based developer will use the funds arranged by Columbia Pacific Advisors to complete its acquisition of both warehouse buildings, and convert them into 180,777 s/f of class A film and television production studio space. “The need for studio production space in the New York Metropolitan area is continuing to grow due to an increase in demand for new film and television content, and we believe 14-16 Burma Rd. and 150 Theodore Conrad Dr. are well positioned to capitalize on this trend,” said Will Nelson, senior vice president of real estate lending at Columbia Pacific Advisors. READ MORE


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