Kearny Bank has provided $37.25 million in financing to Belvidere Urban Renewal LLC in support of a 370,000-square-foot warehouse construction project in Belvidere in western Warren County. The loan will help fund the project’s site improvements and construction costs.
Construction is underway and is scheduled for completion early in 2027. The planned facility is a mile from Route 46 and three miles from the Pennsylvania border.
“This loan reflects Kearny Bank’s commitment to supporting commercial development throughout our markets – like Belvidere and the Warren County area – where we have the privilege of conducting business,” says Gary Brozowski, director of commercial real estate lending. “We’re pleased to work with clients like Belvidere Urban Renewal on projects that strengthen local economies and foster sustained growth.”
Belvidere Urban Renewal LLC is an affiliate of Ramsey-based Krame Development Co.
In the past two years, Kearny Bank has provided more than $500 million in financing for commercial real estate projects in New Jersey, New York, Connecticut, Delaware, Maryland, and Pennsylvania.
