Cushman & Wakefield Arranges $56M Loan for 277,818-Square-Foot Rahway Warehouse
Cushman & Wakefield secured a $56 million construction loan for a 277,818-square-foot industrial development in Rahway, New Jersey, comprising two Class A warehouses of 201,616 and 76,202 square feet. The project, featuring 40-foot clear heights, 49 dock doors and EV charging infrastructure, is slated for late 2026 completion.
1. Loan Details
Cushman & Wakefield arranged a $56 million construction loan on behalf of Sagard Real Estate and Woodmont Industrial Partners to fund the development of two Class A warehouses in Rahway, New Jersey.
2. Project Specifications
The development spans 277,818 square feet across a 25.6-acre site, featuring a 201,616-square-foot building and a 76,202-square-foot building with 36- and 40-foot clear heights, 49 dock doors, three drive-in doors and ESFR sprinkler systems.
3. Strategic Location and Infrastructure
Located in the Port South submarket, the site provides direct access to Route 35, the New Jersey Turnpike, Garden State Parkway and Goethals Bridge, and includes infrastructure for electric vehicles, solar power and 3,000-amp electrical service.
4. Submarket Demand Growth
The Port South industrial submarket continues to see strong leasing demand driven by port activity and e-commerce growth, positioning the Rahway project to attract modern logistics users seeking connectivity to Port Newark-Elizabeth, Newark Airport and New York City.