High-density logistics in the Northeast just received a significant financial injection. Cushman & Wakefield on Monday announced it successfully arranged a $56 million construction loan for a premier two-building industrial development located at 349 & 389 New Brunswick Ave in Rahway.
The loan was secured on behalf of a joint venture between Sagard Real Estate and Woodmont Industrial Partners. BMO Bank provided the financing for the project, which is set to deliver 277,818 square feet of Class A warehouse space to the supply-constrained Port South submarket.
The 25.6-acre development is designed to meet the rigorous demands of modern e-commerce and distribution users.
| Feature | Building A | Building B |
| Size | 201,616 Sq. Ft. | 76,202 Sq. Ft. |
| Clear Height | 40 Feet | 36 Feet |
| Loading | 49 Dock Doors | 3 Drive-in Doors |
| Parking | 230 Car Spaces | 6 Trailer Spaces |
| Sustainability | EV- & Solar-Ready | ESFR Sprinklers |
The project’s primary draw is its proximity to the “Golden Triangle” of New Jersey logistics. Located just off Route 35, the site offers immediate access to:
- NJ Turnpike (Exits 11 and 12)
- Garden State Parkway (Exit 132)
- Goethals Bridge (Connecting to Staten Island/NYC)
Executive Director Chuck Kohaut of Cushman & Wakefield noted that the site’s connectivity positions it perfectly for today’s logistics users who require rapid access to Port Newark/Elizabeth and Newark Liberty International Airport, both of which are within a 30-minute drive.
The Cushman & Wakefield team—led by John Alascio, Chuck Kohaut, and TJ Sullivan—emphasized that BMO Bank’s involvement underscores the continued institutional confidence in New Jersey’s industrial fundamentals despite broader economic shifts.
Construction is already underway, with an expected completion date in late 2026.
