JLL Arranges Refinancing for Frassetto Companies' 143,265-Square-Foot Industrial Properties in New Jersey

Reuters

06-19

JLL Arranges Refinancing for Frassetto Companies' 143,265-Square-Foot Industrial Properties in New Jersey

Jones Lang LaSalle Inc. $(JLL)$ has successfully arranged refinancing for two industrial properties in Lincoln Park, New Jersey, totaling 143,265 square feet. The transaction involved securing a 10-year, fixed-rate loan on behalf of The Frassetto Companies. The properties, built in 1985 and fully leased to 10 tenants, include a 105,242-square-foot facility at 600 Ryerson Road and a 38,023-square-foot facility at 6 Frassetto Way. The JLL Capital Markets team, led by Michael Klein, facilitated the deal, which attracted significant interest due to the assets' multi-tenancy and strong location in the Eastern Morris County Industrial Submarket.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on June 18, 2025, and is solely responsible for the information contained therein.

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The transaction involved securing a 10-year, fixed-rate loan on behalf of The Frassetto Companies. The properties, built in 1985 and fully leased to 10 tenants, include a 105,242-square-foot facility at 600 Ryerson Road and a 38,023-square-foot facility at 6 Frassetto Way. The JLL Capital Markets team, led by Michael Klein, facilitated the deal, which attracted significant interest due to the assets' multi-tenancy and strong location in the Eastern Morris County Industrial Submarket.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on June 18, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JLL","symbol_name":"仲量联行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250619:nNDL4VZwM8:1","article_id":"2544686161","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544686161","pubTimestamp":1750335182,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Jones Lang LaSalle Inc.  has successfully arranged refinancing for two industrial properties in Lincoln Park, New Jersey, totaling 143,265 square feet. The transaction involved securing a 10-year, fixed-rate loan on behalf of The Frassetto Companies. The properties, built in 1985 and fully leased to 10 tenants, include a 105,242-square-foot facility at 600 Ryerson Road and a 38,023-square-foot facility at 6 Frassetto Way. The JLL Capital Markets team, led by Michael Klein, facilitated the deal, which attracted significant interest due to the assets' multi-tenancy and strong location in the Eastern Morris County Industrial Submarket.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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The properties, built in 1985 and fully leased to 10 tenants, include a 105,242-square-foot facility at 600 Ryerson Road and a 38,023-square-foot facility at 6 Frassetto Way. The JLL Capital Markets team, led by Michael Klein, facilitated the deal, which attracted significant interest due to the assets' multi-tenancy and strong location in the Eastern Morris County Industrial Submarket.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on June 18, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}