Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Retained on an Exclusive Basis to Procure Up to $325M in Refinancing for The Beacon

Jayden Lapin-Tatman • 11/1/2022
Jersey City, NJ – Cushman & Wakefield announced today that the real estate services firm has been hired on an exclusive basis by Building and Land Technology (BLT) to procure up to $325,000,000 in refinancing for The Beacon, a 1,155-unit residential community, located at 20 Beacon Way in Jersey City.

Cushman & Wakefield’s John Alascio, Alex Hernandez, Alex Lapidus and Mitch Rothstein will be leading financing efforts on behalf of the borrower.

“The Beacon is an irreplaceable trophy asset in the heart of Jersey City with unparalleled views of the New Jersey Gold Coast and Manhattan,” said Alascio. “The Beacon’s unrivaled location coupled with highly experienced and committed sponsorship makes this a fantastic financing opportunity.”

The Beacon totals six-buildings comprising of 1,155 units on a 14-acre site. The property consists of a mix of studio, one-bedroom, two-bedroom and three-bedroom units. One of the largest residential historic rehabilitations in the United States, the gated community features fitness centers, a yoga studio, indoor pool and hot tub, restored Art Deco theaters, children’s playrooms, high-floor sky lounges, numerous dog runs, playground, a one-acre private park and substantial outdoor space with fire pits and grills.

Situated at the intersection of three of Jersey City’s most populated neighborhoods – Journal Square, McGinley Square and Bergen Lafayette – The Beacon is surrounded by an array of retail, dining and entertainment options. The property is located less than 10 minutes to Jersey City’s central business district via The Beacon’s complimentary shuttle service and allows for a 30-minute commute to Manhattan.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit

Interested in learning more?

Get in touch and we can assist with any additional information you need.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All