JLL Capital Markets arranges $106M bridge financing for Lincoln Equities Group on new industrial facility

NEW YORK, Jan. 9, 2026 – JLL Capital Markets announced today that it has arranged a $106 million loan for Building B @ Interstate Crossings, a newly constructed, Class A industrial facility totaling 618,048 square feet in Brewster, New York.

The property was delivered in 2025 and represents one of the few large-scale, modern industrial developments to come online in the region in decades. Its delivery follows the successful lease-up of the adjacent Building A @ Interstate Crossings, underscoring strong tenant demand and validating the site’s strategic location.

JLL represented Lincoln Equities Group in securing the bridge financing from affiliates of Apollo and CenterSquare Investment Management. The loan includes a future funding component, which will be drawn upon as leases are signed and the property reaches stabilization.

Building B @ Interstate Crossings is located at the intersection of Interstate 84 and Interstate 684, providing direct access to the greater New York metropolitan area, New England, and key Northeast distribution corridors. The state-of-the-art warehouse features 40-foot clear heights, extensive loading capacity, modern truck courts and flexible divisibility, positioning the asset to meet the evolving needs of logistics, e-commerce and distribution users.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Peter Rotchford and Director Christopher Pratt.

“Industrial assets of this scale and quality are exceptionally rare in Westchester and Putnam County, where barriers to entry and limited available land have constrained new development for decades,” said Pratt. “This financing reflects strong conviction in both the asset and market fundamentals, creating an attractive outcome for ownership and lenders alike.”

According to JLL research, the Westchester / Putnam County industrial market continues to benefit from low vacancy, rising rents, and minimal new construction, driven by a scarcity of entitled industrial land. These dynamics have elevated the value of newly delivered Class A assets such as Building B @ Interstate Crossings, particularly those offering mid-mile connectivity to major population centers across the Northeast.

JLL Capital Markets 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. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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