Sumitomo Mitsui Banking Corp. has provided $75.8 million of financing to facilitate Hines’ $127 million, or $172/sf, acquisition of the Newark Distribution Center, a 738,238-square-foot industrial complex in the Ironbound area of Newark, N.J. Hines had purchased the three-building property, on 19.5 acres at 397-497 and 400 Ferry St. and 100 Christie St., from Turnbridge […]

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