Capmark senior vice president Brian Campbell originated theloan, which closed in 21 days. Further details of the financingwere not released.

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Located on 59 acres off Exit 12 of the New Jersey Turnpike, thecomplex is fully occupied on a long-term basis by food distributorWhite Rose Inc. It consists of 380 Middlesex Ave., an810,000-square-foot building--constructed in 1995 and expanded in2004--which includes a 49,000-square-foot office component thatserves as White Rose's headquarters. And the adjoining 580 PortCarteret Dr. is a freezer distribution facility built in 1997 andexpanded to its current 279,000 square feet in 2002.

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The buildings were acquired by the New York-based KTR in Januaryfrom T/A Port Carteret and US Metal Refining Co. through theassignment of a purchase optionfrom White Rose. "These are two of the best high-bay distributionbuildings in Northern New Jersey," KTR partner John DiCola toldGlobeSt.com after the acquisition. "The long-term lease with WhiteRose provides stable cash flow positions."

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