JLL arranges $86.2M loan for Bridge Point Bayonne warehouse/distribution facility

MORRISTOWN, N.J., Feb. 12, 2026 – JLL Capital Markets announced today it has arranged $86.2 million in bridge financing for Bridge Point Bayonne, a newly constructed Class A warehouse and distribution facility located at 63 New Hook Road in Bayonne, Hudson County, New Jersey.

JLL worked on behalf of the borrower, Bridge Industrial, to secure the floating-rate loan with Barings, one of the world’s largest diversified real estate investment managers.

The 355,580-square-foot property sits on 17.6 acres in one of Northern New Jersey's most strategically positioned industrial locations. Completed in October 2024, the state-of-the-art facility features 40-foot clear heights, 70 dock doors, four drive-in doors, 213 car parking spaces, 56 trailer parking spaces and 55-foot by 50-foot column spacing. The warehouse is the only Class A first generation cross-docked building available in the northern New Jersey submarket and includes full truck circulation and four ingress and egress points, positioning it among the highest quality distribution facilities in the Port Submarket.

Bridge Point Bayonne benefits from exceptional connectivity to critical transportation infrastructure, positioned directly off Route 440 less than one mile from the GCT Bayonne Container and Rail Terminal. The facility sits 1.5 miles from New Jersey Turnpike Exit 14A and provides seamless access to Manhattan via the Holland Tunnel, located eight miles away. Newark Liberty International Airport is 8.7 miles from the property. The property serves a population exceeding nine million residents within a 15-mile radius and occupies a location where developable industrial land remains extremely scarce.

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

"Northern New Jersey's industrial market is showing robust signs of recovery, with improving economic conditions driving renewed tenant demand," said Mikula. "The property sits in a densely developed area where new industrial development is limited to redevelopment opportunities only, making Bridge Point Bayonne a rare and exceptional opportunity in this supply-constrained environment."

“The market is still absorbing Class A warehouse and distribution space that has recently been delivered, but the overall lending market recognizes that they have a unique opportunity to lend to premier industrial developers on the best-in-class facilities that feature all of the attributes that today’s tenants are looking for,” said Klein. “As a result, we are seeing very attractive loan terms being offered that provides borrowers more time for the market to bounce back and not have to settle for lease terms that are below their proforma underwriting. It’s a win-win situation for lenders and borrowers.”

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group 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.

Barings is a $481+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions. Learn more at www.barings.com.

*Assets under management as of December 31, 2025