Bridge Industrial Secures $86M Bridge Loan for Bayonne

Bridge Industrial has secured more than $86 million in financing for a newly built 356,000-square-foot warehouse in Bayonne, New Jersey, at 63 New Hook Road. The bridge loan was arranged by JLL and provided by Barings as a floating-rate facility.

The project totals 355,580 square feet and is described as the only Class A, first-generation cross-docked building available in northern New Jersey. The completed facility, on 17.6 acres, features 40-foot clear ceiling heights, 70 dock doors, four drive-in doors, 213 car spaces, 56 trailer spaces, and 55-foot by 50-foot column spacing, with full truck circulation and four ingress/egress points.

JLL said the warehouse is completed (October 2024) and sits off Route 440, less than a mile from the GCT Bayonne Container and Rail Terminal and 1.5 miles from New Jersey Turnpike Exit 14A.