New Jersey, October 23, 2025
A significant $654 million financing deal has been finalized by an industrial park in New Jersey with Madison Realty Capital. This funding will advance ongoing construction efforts for the Central 9 Logistics Park, contributing to the growth of the state’s logistics sector. The development is set to enhance trade and logistics capabilities, generating new opportunities for businesses and creating jobs in the region.
Old Bridge, New Jersey – Madison Realty Capital has issued a $654 million mortgage and mezzanine loan to 2020 Acquisitions, a New Jersey-based development firm, to refinance and advance a portion of the Central 9 Logistics Park, a nine-building, 4.1 million square foot industrial campus in Old Bridge. The funds will be used primarily to refinance five buildings completed in Phase 1 and to cover construction and leasing costs for two buildings in Phase 2.
The Central 9 Logistics Park is currently being developed in three phases, with five buildings already finished in Phase 1. The remaining phases will add two more buildings in Phase 2, followed by two additional buildings in Phase 3. The sizes of the completed buildings range from 192,000 to 818,000 square feet, while the planned buildings in Phase 2 are expected to be 139,000 and 809,000 square feet, respectively.
Strategically located off Route 9, the logistics park provides direct access to significant transportation routes including the Garden State Parkway, New Jersey Turnpike, and I-287. This prime location enhances connectivity to Port Newark, Port Elizabeth, Newark Airport, and New York City. Tenants will benefit from close proximity to one of North America’s largest industrial markets, a robust transportation network, and a large warehouse labor pool.
Northern and Central New Jersey continue to be highly competitive industrial markets driven by increasing demand from e-commerce and third-party logistics, against a backdrop of limited new supply. The Central 9 Logistics Park epitomizes a sought-after development, matching strong fundamentals with a capable sponsor.
Recently, the project has gained momentum with three leases signed within the last 45 days, totaling approximately 900,000 square feet, allowing for the acceleration of construction for Phase 2, which is set to commence immediately.
Madison Realty Capital is known as a vertically integrated private equity firm focusing on U.S.-based commercial real estate financing, managing $23 billion in assets as of June 30, 2025. Since its inception in 2004, the firm has completed over $70 billion in real estate transactions.
2020 Acquisitions specializes in industrial real estate and is currently invested in developing the Central 9 Logistics Park, which represents a significant investment in New Jersey’s industrial landscape.
Key Features of Central 9 Logistics Park
| Feature | Details |
|---|---|
| Total Square Footage | 4.1 million square feet |
| Completed in Phase 1 | Five buildings |
| Planned in Phase 2 | Two buildings |
| Strategic Location | Off Route 9, near major transport routes |
| Recent Occupancy | Three leases signed totaling approximately 900,000 square feet |
FAQ
What financing did Madison Realty Capital provide?
Madison Realty Capital has provided a $654 million mortgage and mezzanine loan to refinance and complete a portion of the Central 9 Logistics Park.
What is the size of the Central 9 Logistics Park?
The Central 9 Logistics Park is a nine-building, 4.1 million square foot industrial campus.
Where is the Central 9 Logistics Park located?
The Central 9 Logistics Park is strategically located off Route 9 in Old Bridge, New Jersey.
What will the financing be used for?
The financing will be used to refinance five buildings in Phase 1 and cover construction and leasing costs for two buildings in Phase 2.
What are the advantages of the Central 9 Logistics Park’s location?
The location offers convenient access to major logistics routes, Port Newark, Port Elizabeth, Newark Airport, and New York City, making it beneficial for tenants.
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Author: NEW JERSEY STAFF WRITER
The NEW JERSEY STAFF WRITER represents the experienced team at constructionnjnews.com, your go-to source for actionable local news and information in New Jersey and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New Jersey Build Expo, major infrastructure projects, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated Builders and Contractors of New Jersey and the New Jersey Builders Association, plus leading businesses in construction and legal services that power the local economy such as CMiC Global and Gibbons P.C. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructiontxnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
