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The loan facility has a maturation date of November 2026 and an accordion feature to increase the availability of funds to $500 million, subject to closing conditions.
Consumers have become largely focused on a holistic lifestyle that includes health and overall wellness and the demand has given new and existing retailers further incentive to invest in health and wellness.
Pop-ups are becoming mainstream and likely permanent fixtures to the retail landscape–and along the way they are stretching their retail concepts and store designs to create some of the greatest innovations in space.
Dallas-based Crow Holdings Industrial reports that in addition to this property, the firm currently has a five-million-square-foot development pipeline less than 18 months after commencing regional operations.
"Over the past two years, our Administration has turned the page on a system where political connections and closed-door deals took precedence over the need to grow our economy and provide a sound return on investment for our taxpayers," said Gov. Murphy.