192 McClellan Street

Creation Equity, in partnership with J.P. Morgan Asset Management, secured a $64 million construction loan from PCCP for a Newark logistics project. The 121,000-square-foot building at 192 McClellan Street, adjacent to Newark Liberty International Airport, attracted Barsan Global Logistics as a tenant, facilitating financing. The site’s freeway access appealed to Barsan. Construction is set to begin in 60 days, with completion expected in February. Creation’s joint venture with J.P. Morgan includes projects in the Northeast and beyond.