Holliday Fenoglio Fowler, LP (HFF) announced this week that it had arranged $41.15 million in construction financing for Middlesex Logistic Center in Edison, New Jersey. The project, developed by JG Petrucci Co., is a 570,000 square foot distribution center due to be delivered in 2003, according to a report from The Commercial Observer.
HFF worked exclusively on behalf of the sponsor, JG Petrucci Co., Inc., to structure joint venture equity from institutional investors advised by J.P. Morgan Asset Management. In addition, on behalf of the partnership, HFF secured the construction loan through M&T Bank. The HFF team representing the borrower was led by senior managing director Jon Mikula and managing director Michael Nachamkin.
Middlesex Logistic Center is being designed and built to LEED-certification standards featuring 36-foot ceiling heights, 108 loading doors, 140-foot truck courts and parking for 149 trailers.
For more news and information visit Blumberg Capital Partners.
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