Business
JP Morgan Lends $52M to Refinance North Bergen Properties
Two warehouses in North Bergen occupied by global fashion industry distributor Bergen Shippers are being refinanced with $51.5 million…

Published
4 years agoon

Two warehouses in North Bergen occupied by global fashion industry distributor Bergen Shippers are being refinanced with $51.5 million from JPMorgan Chase, according to the Commercial Observer.
Cushman & Wakefield equity, debt and structured finance experts John Alascio, Mark Ehlinger and T.J. Sullivan arranged the debt for Bergen Shippers, along with industrial leasing specialist Bonni Heller.
The outlet reported that JPMorgan provided $44 million via a 10-year loan to refinance separate mortgages on industrial properties totaling 730,000 square feet at 5903 Westside Avenue and 7300 Westside Avenue in North Bergen. Cushman said 5903 Westside, a 600,000-square-foot fashion logistics center for Bergen Shipping’s Bergen Logistics, was built in 1987 for Liz Claiborne. The financing includes a $7.5 million line of credit.
Originally posted on therealdeal.com
You may like

Receive Your Weekly Recap!
Join our mailing list to receive the latest news and updates from our team.
And we don't spam!
You have Successfully Subscribed!

Man Found Dead in Jersey City Shooting

Local Talent Takes the Stage in TADA! Youth Theater’s ‘Princess Phooey’ Production

Hudson County’s Tasty Treasures: A Guide to the County’s Best, Affordable Restaurants

The High Tech $115K settlement that went unreported

Live Updates: Everything we know about the West New York shooting/ Todo lo que sabemos del tiroteo de West New York
