Los Angeles-based PCCP LLC has provided a $60.8 million senior construction loan to Lincoln Equities Group for the speculative development of a 420,024-square-foot, Class A industrial building in Hamilton.
The property, at 825 Sloan Ave., has begun construction and aims to be completed in late 2025.
Situated on a 48-acre site, the fully entitled property will feature a rear-load warehouse, 40-foot clear heights with 566 car parking spaces (32 will be electric vehicle make-ready), 81 trailer parking spaces, 84 dock doors, two drive-in doors and 10,000 square feet of office space. The property can accommodate a single user or multiple users.
“PCCP believes that this construction loan provides us with a compelling opportunity to finance an experienced partner on a well-located site in a core industrial location with strong access to labor,” Vice President Lia Barsanti said.
Tenants at 825 Sloan Ave. will be able to access the property from a four-way interchange immediately off Interstate 295. The property’s location adjacent to I-295 allows for quick access to the region’s main thoroughfares, and its positioning between New York City and Philadelphia makes it a favorable location that is ideal for both last-mile and mid-mile distribution.
