Real estate developer Creation, J.P. Morgan secure $64M construction loan for Newark airport industrial project

National real estate developer Creation and joint venture partner J.P. Morgan Asset Management are moving ahead with site work this week on a Class A industrial development located on a rare infill site in Newark after securing a $64 million construction loan. PCCP provided a three-year, floating-rate construction loan for McClellan One, a 120,584-square-foot logistics…

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Real estate developer Creation, J.P. Morgan secure $64M construction loan for Newark airport industrial project

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