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C&W secures financing for Paterson distribution center

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1200 Madison Ave., Paterson.
1200 Madison Ave., Paterson. - ()

Commercial real estate firm Cushman & Wakefield recently announced it secured $15.34 million in financing for a joint partnership between Camber Real Estate Partners and Advance Realty for an Interstate 80 distribution center in Paterson.

The property, 1200 Madison Ave., is a 245,529-square-foot industrial building 100 percent leased to M Tucker and SupplyOne.

“Ryan Larkin represented the seller and procured the buyer with Metropolitan Area Capital Markets Group team members Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer and Kyle Schmidt; and industrial leasing specialist Andrew Siemsen,” the firm said in a news release.

Cushman & Wakefield Equity, Debt & Structure Finance’s John Alascio, Sridhar Vankayala and Noble Carpenter II represented the joint partners in obtaining financing through First Bank.

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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