MESA WEST ORIGINATES $14M LOAN FOR NEW JERSEY INDUSTRIAL PROPERTY

by admin

BRIDGEPORT, N.J. — Mesa West has arranged $14 million in first mortgage debt to recapitalize 200 Birch Creek Road in Bridgeport, a vacant 597,000-square-foot warehouse and distribution center in Bridgeport. The borrower was a partnership between Hillwood Investment Properties and Brookfield Asset Management. The partnership was formed earlier this year to invest up to $1 billion in industrial properties over the next three years. Hillwood and Brookfield acquired the asset from Cornerstone Real Estate Advisors in August, which is located within the Pureland Industrial Complex.

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