Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Cushman & Wakefield Arranges $15.34 Million Financing for I-80 Distribution Center in Paterson, NJ

Cushman & Wakefield Arranges $15.34 Million Financing for I-80 Distribution Center in Paterson, NJ
DC Velocity Staff
By DC Velocity StaffAug 20, 2017
DC Velocity Staff
See Full Bio

NEW YORK, Aug. 18, 2017 - Cushman & Wakefield, Inc. announced today that it served as the exclusive advisor to a joint partnership between Camber Real Estate Partners and Advance Realty, in arranging $15.34 million of financing secured by 1200 Madison Avenue (the "Property") located in Paterson, New Jersey. The financing was provided by First Bank.

1200 Madison is a 245,529-square-foot institutional quality industrial building located immediately off Interstate 80 in Paterson, New Jersey. The Property's "last mile" infill location along Interstate 80 provides easy access to the NYC Metropolitan Area's consumer and labor base. The Property is currently 100% leased with M. Tucker and SupplyOne serving as the anchor tenants. Originally developed for Coca Cola, the building features 30-foot ceiling heights and 21 loading positions as well as ample car and trailer parks.

A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Sridhar Vankayala and Noble Carpenter III represented the joint partnership between Camber Real Estate Partners and Advance Realty.

Ryan Larkin represented the seller and procured the buyer with Metropolitan Area Capital Markets Group team members Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer and Kyle Schmidt; and industrial leasing specialist Andrew Siemsen.

###

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients' ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.

-END

More Info: https://www.caryl.com/cushman-wakefield-arranges-15-34-million-financing-80-distribution-center-paterson-n/

Industry Press Room
Industry Press Room

The Latest

chart of employment levels in transportation sectors
Labor

Unemployment rate stayed flat in December for transportation sector

frigo-trans truck hauling healthcare cargo
Parcel & Postal Carriers

UPS acquires two German healthcare logistics specialists

warehouse worker managing inventory
Reverse Logistics

DHL Supply Chain acquires returns specialist Inmar Supply Chain Solutions

More Stories

a headshot of Bill Pedriana at Noblelift
Photo courtesy of Noblelift

NOBLELIFT North America welcomes Bill Pedriana as newpresident

Des Plaines, Illinois – January 7, 2025: NOBLELIFT North America, a global leader in lithium-iron material handling technology, is excited to announce the appointment of Bill Pedriana as its new President. With nearly four decades of experience in the material handling industry, Pedriana is poised to lead NOBLELIFT North America into a new era of innovation, growth, and customer-centric success.

Bill Pedriana served as Chief Marketing Officer at Big Joe Forklifts, where his visionary leadership helped rebuild the brand, develop groundbreaking products (including the Joey series of access vehicles and their cobot pallet truck concept), and execute comprehensive sales and marketing strategies. For 14 years, Pedriana played an instrumental role in achieving an extraordinary 14x growth in sales and helping to drive the global expansion of Big Joe’s parent company, EP Equipment.

Keep ReadingShow less

Featured

two women shopping and buying goods
Reverse Logistics

Study: Over 15% of all retail returns in 2024 were fraudulent

Jason Schenker
Supply Chain Strategy

Straight talk on supply chains and the economy: An interview with Jason Schenker

J.B. Hunt last-mile delivery truck
Trucking

“Big and bulky” final-mile providers see a market with solid growth prospects—and some tough challenges

photo of earth from space
Global Logistics

Maersk offers 5 steps to make your supply chain “antifragile”

person holding smartphone with freightcenter app for tracking shipments
Transportation 3PL

3PL BlueGrace Logistics acquires FreightCenter

Loren Swakow of Noblelift

Loren Swakow announces retirement as managing director of NOBLELIFT North America

Des Plaines, Illinois – Loren Swakow, Managing Director of NOBLELIFT North America, has announced his retirement effective January 31st, 2025, leaving behind a legacy of unprecedented growth, innovation, and strong relationships built over nearly a decade at the helm of the company.

Swakow joined NOBLELIFT in October 2016, tasked with the challenge of bringing an unknown brand into the highly competitive American market. At the time, NOBLELIFT had no dealer network and minimal brand recognition. Over the course of eight years, Swakow's strategic leadership and expertise have led to remarkable success, driving average annual growth of 43%. Today, NOBLELIFT is supported by a professional dealer network spanning the entire country, with sales growth consistently outpacing the industry, a true testament to Swakow’s vision and determination.

Keep ReadingShow less
a family shops in a grocery store using a smart trolley
Photo courtesy of Instacart

Australian supermarket chain rolls out AI-powered grocery carts

Grocery shoppers in Australia will soon be able to zip in and out of the store in record time, bypassing the lines for cashiers or self-checkout kiosks altogether. They can just walk in, make their selections, and walk out with their bags in hand.

The secret to this express shopping experience is the “Caper Cart,” an AI (artificial intelligence)-powered smart trolley from San Francisco-based Instacart. In its first deployment in the Asia Pacific (APAC) region, the system is being tested by Coles Supermarkets, a food and beverage retailer with more than 1,800 grocery and liquor stores throughout the country.

Keep ReadingShow less
a women in an office watching a delivery of boxes

How green is your glue?

If you’re looking to make the packaging process more eco-friendly, the obvious place to start is with the box itself. And that’s exactly what Salt Lake City-based Packsize did when it made its initial foray into sustainable packaging back in 2002. That year, the company launched its first product, an innovative on-demand packaging system designed to reduce cardboard waste (and the need for filler material) by creating a right-sized box for each shipment.

Now the company is ready for the next step: greening up the glue.

Keep ReadingShow less

​OPEX® Sure Sort® X with Xtract™ Warehouse Automation System Is Named a Finalist in the New Equipment Digest NED Innovation Awards

MOORESTOWN, NJ (December 18, 2024) OPEX® Corporation, a global leader in Next Generation Automation providing solutions for document, mail, and warehouse automation, has been selected as a finalist in the 2024 NED (New Equipment Digest) Innovation Awards, which celebrates innovations in industrial technology, tools, and equipment that empower businesses to work faster, better, and more cost-effectively.

OPEX Sure Sort® X with Xtract™, a high-speed automated sortation and order retrieval system, was recognized in the NED Innovation Awards Automation category.

Keep ReadingShow less
Copyright ©2025.