CIT leads financing for JFK Airport terminal logistics center

CIT Group Inc. (NYSE: CIT) has announced that its real estate finance business served as administrative agent for an USD 87 million loan to finance construction of a new logistics warehouse and storage facility adjacent to John F. Kennedy International Airport, the company said.

Triangle Equities Development Company and its partners Township Capital Inc. and L&B Realty Advisors LLP are planning to develop a five-story, 300,000-square-foot Terminal Logistics Center, which will be among the first multi-story industrial buildings in the US.

CIT is a national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A.