Real Estate
Home›Real Estate›Industry›Nuveen Green Capital backs $101M C-PACE loan for Newar…
Nuveen Green Capital backs $101M C-PACE loan for Newark studios
The 270,000-square-foot campus is 100% pre-leased and planned for delivery in June 2027, anchored by Lionsgate.
Great Point Studios has secured $101 million in construction financing for a film and TV studio campus in Newark, New Jersey, Commercial Observer reported. Nuveen Green Capital originated the Commercial Property Assessed Clean Energy, or C-PACE, loan for the project.
The studio plan covers 270,000 square feet and will include six soundstages, with the development described as 100% pre-leased. Great Point Studios Newark is expected to deliver in June 2027, and will be anchored by Lionsgate.
The deal is set up to leverage C-PACE financing to support longer-term project funding at a competitive rate, helping the sponsor preserve capital for redeployment into the development, according to statements cited by Commercial Observer.
Commercial Observer also noted that the project will be the first purpose-built film and TV studio in New Jersey created through tax credits, and it is positioned as part of the state’s broader push to attract more Hollywood production through incentives.