MORRISTOWN, N.J., Nov. 18, 2025 –  JLL Capital Markets announced today it has arranged $27.1 million in bridge financing for Bridge Point Piscataway, a Class A, 147,620-square-foot warehouse located at 10 Constitution Ave. in Middlesex County.

JLL worked on behalf of the borrower, Bridge Industrial, in securing a loan through PPM America, Inc.

The state-of-the-art distribution center features 36-foot clear ceiling heights, 41 dock-high doors and two drive-in doors designed for high-volume logistics operations. The facility provides 118 car parking spaces and 57 trailer stalls on a 12.84-acre site, supporting large-scale distribution activities. The warehouse includes 3,000 square feet of office space and can accommodate single or multi-tenant configurations.

The property's location provides exceptional access to Interstate 287, positioned less than one mile from the major highway corridor. The facility sits five miles from the New Jersey Turnpike, 17 miles from the Port of Elizabeth and 26 miles from New York City, enabling efficient distribution capabilities across the northeastern United States. This proximity places the property within a day's drive of more than half of the U.S. population.

The JLL Capital Markets team was led by Senior Managing Directors Michael Klein and Jon Mikula, along with Analyst Kevin Badger.

"Despite a prolonged lease up period, Bridge Point Piscataway’s superior design specifications and strategic location along the Interstate 287 corridor created an attractive financing opportunity," said Klein.

“There is a strong appetite on behalf of lenders to provide financing for quality industrial projects that require more time to achieve full stabilization,” added Mikula.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Bridge Industrial, a privately-owned, vertically integrated real estate operating company and investment manager transforms complex real estate opportunities into irreplaceable industrial assets. Bridge Industrial acquires and develops sites where it can leverage its expertise in complex transactions, skilled site development, creative property solutions, and successful leasing. The firm seeks opportunities to acquire and develop Class A logistics real estate, in the supply-constrained core markets of Chicago, Miami, New Jersey, New York, Los Angeles, San Francisco, Seattle, UK, and Europe. Since its inception in 2000, Bridge has successfully acquired and developed close to 74 million square feet of logistics facilities.

PPM America, Inc.'s mission is to be seen by clients and their advisors as a consistently reliable partner in helping them achieve their long-term value goals.

PPM America, Inc. is a U.S.-based institutional asset manager with $83.51 billion in assets under management as of 30 June 2025. Established in Chicago in 1990, PPM’s exists to consistently support institutional clients in achieving their long-term value goals. PPM offers a mentality of hard work, straight talk, full transparency and humility. PPM’s success is supported by a team-based culture that encourages debate, collaboration, and consistency. The company believes its best ideas can come from any team member anywhere in the firm. PPM believes the success of its investment culture is best demonstrated by the strong retention of both clients and investment professionals.