Real Estate Journal — December 27 - January 16, 2020 — 3A


M id A tlantic

M id A tlantic R eal E state J ournal On behalf of the 100 Mile Fund Procida Funding provides $39 million construction loan


IDDLESEX, NJ — Procida Funding provided a $39 mil-

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lion construc- t i o n l o a n , on behalf of the 100 Mile Fund, which Procida ex- c l u s i v e l y m a n a g e s . T h e l o a n m a d e t o

The View at Middlesex

nity-filled apartments, new retail spaces and an improved streetscape. The project fea- tures a five-story, 255,000 s/f building with 200 rental units – 140 one-bedroom units and 60 two-bedrooms. “Procida has been a loyal partner in the financing of this project,” said Massimo Pinelli , president & CEO of Forte Real Estate Develop- ment. “Their support and belief in the project paired by mercial real estate transac- tions in NJ, since joining the leading industrial real estate services firm and entering the commercial real estate business in 2018. Representing the tenants, Fennimore was responsible for closing the following in- dustrial real estate deals last

a flawless loan administration has made the process very simple and the efficient.” “This is our second project with Forte. Strong sponsor, great builders,” said Michael Coen , vice president at Proci- da. “We have been doing this new investment strategy of providing ‘pre-construction’ loans that get the borrower to a finished foundation. In this case, things were going so well, we decided to keep going.”  • Leased 12,500 s/f to Mobile Lighting Service USA at 70 Ethel Rd. West in Piscataway. • Leased 4,800 s/f to Mayco Manufacturing LLC at 3 Joan- na Court in East Brunswick. • Leased 1,564 s/f to IPC Lydon LLC at 701 Hartle St. in Sayrevill. 

Michael Coen

Forte Real Estate Devel- opment will finance “The View at Middlesex,” a 200-unit apartment building develop- ment project in the Borough of Middlesex. The newmixed-use building at 220 and 232 Lincoln Blvd. will transform vacant and under-utilized properties into a vibrant location with ame- EDISON, NJ — Andie Fennimore ( s h o w n right), sales a s s o c i a t e , Bussel Re- alty Corp (BRC) , re- cently closed several com-

For more information contact Kerrin kdevine@marejournal.com 781.740.2900

BRC rookie closes several deals since joining the company month:

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