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Columbia Pacific Provides $48.2M Acquisition, Construction Loan for Film Production Studio in Jersey City

JERSEY CITY, N.J. — Columbia Pacific Advisors Bridge Lending, a division of Columbia Pacific Advisors, has provided a $48.2 million loan for the acquisition and redevelopment of a warehouse property in Jersey City into a film production studio. Industry Go, a partnership of Criterion Group and Ones Stop Properties, will use the funds to acquire two warehouse buildings at 14-16 Burma Road and 150 Theodore Conrad Drive and convert them into a 180,777-square-foot film production studio. Planned renovations include full structural reinforcement, raising the roof heights to at least 50 feet, repowering and adding new HVAC systems.

 

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