Mesa West has provided Hillwood Investment Properties, a Perot company, in partnership with Brookfield Asset Management, with $14 million in first mortgage debt to recapitalize 200 Birch Creek Road.
The vacant 597,000 s/f warehouse and distribution center in Bridgeport, NJ, is part of a venture by Hillwood and Brookfield formed in 2012 to invest up to $1 billion in industrial properties.
“There is strong demand and a shortage of available inventory for large blocks of quality warehouse and distribution space in the Philadelphia Metro and Southern New Jersey industrial markets,” said Daniel Tanner of Mesa West Capital, who helped originate the financing for the firm’s New York office.
“We have a high degree of respect for the partnership between Hillwood and Brookfield and believe they have a strong business plan with respect to leasing the property.”
