(To read more on the industrial market, click here.)
BORDENTOWN, NJ-Two new identical buildings of 119,808 sf each,or 239,616 sf total, are set to rise within Central CrossingBusiness Park here. The construction plans were confirmed as aresult of a $21-million construction loan. The borrower was CentralCrossing Business Park LLC, an affiliate of the Wall Township-baseddeveloper KOR Cos.
The construction financing was arranged by Gretchen S.Wilcox,president of the Morristown-based Q|10 G.S. Wilcox & Co., andthe firm's Albert Raymond. The loan's pricing was based on Liborwith a 36-month term, with interest-only for the term of the loan,according to a spokesman for Wilcox.
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