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Deals & Dealmakers

Financing arranged for multi-tenant warehouse in New Jersey

 JLL Capital Markets announced today that it has arranged financing for 140 Ethel Rd., a fully leased, multi-tenant warehousing and distribution facility in Piscataway, New Jersey.

JLL represented the borrower, a Joint Venture between Denholtz Properties and Long Wharf Capital, to secure the 5-year fixed rate loan through Webster Bank, NA.

The 109,000-square-foot, multi-tenant warehouse is situated on more than 6 acres and is occupied by 19 tenants spanning industries such as food and beverage, logistics and warehousing. The property has 24 loading docks, 2 drive-in doors, 24-foot clear heights and ample parking.

140 Ethel Rd. offers exceptional regional access to preeminent transportation routes, which provide access to one-third of the North American population, or over 130 million consumers, within one day’s drive time. It has ease of accessibility to major distribution routes servicing the Northeast Corridor, including I-287, I-78 and I-95.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Directors Michael Klein and Jon Mikula and Senior Analyst Salvatore Buzzerio.

“The market continues to be aggressive for well-located industrial product in this region,” said Mikula.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

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