In December of 2020, Emerald Creek in Capital provided a $10,000,000 bridge loan in the city of Newark, New Jersey. The loan is secured by a single-story light-industrial property situated on a 5.16-acre lot with 34,000 square feet of building area and 174 parking spaces. The building is located just steps away from Newark International Airport and is currently NNN-leased to United Airlines.  It has a clear ceiling height of 18 feet with 24 individual drive-in vehicle bays. Newark Airport and its immediate area has seen significant large-scale investments in recent years and is well-positioned for light industrial properties.

 

For more information, please contact:

Mike Cleaver
(212) 239-6845
mcleaver@emeraldcreekcapital.com