Real Estate Team Closes Construction Loan for Phase 2 Hudson Exchange in Jersey City, NJ

Thursday, June 15, 2023

This week, a real estate team consisting of Wayne CookJack Conboy, Amy MacSporranKishan PatelAshley Tibett and Yitang Zheng represented ULLICO in a $420 million construction loan to the developers -- a joint venture of Brookfield Properties and G&S Investors -- for Phase 2 of Hudson Exchange in Jersey City, NJ. The impressive project consists of approximately 800 residential units, a Shop-Rite as anchor tenant plus 115,000 sf of additional retail and green space tied to the Sixth Street Embankment, an elevated rail line.

News of the deal and related groundbreaking ceremony was publicized via (subscriptions may apply): Commercial ObserverConnectCRECoStar, New Jersey Business MagazineNJBIZRE Business, The Real DealReal Estate NJ, Real Estate WeeklyROI-NJ.