The CIT unit of First Citizens Bank has provided $40 million of financing to help fund Penwood Real Estate Investment Management’s $60 million purchase of 201 Elizabeth St., a 275,631-square-foot warehouse property in Bordentown, N.J. The three-year loan was arranged by JLL Capital Markets. Penwood, of West Hartford, Conn., had acquired the property, on a 39.16-acre […]

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