Jones Lang LaSalle Inc. $(JLL)$ has successfully arranged the sale and acquisition financing for a 5.78-acre low coverage industrial property in the Fairfield (I-287/I-80) submarket of Northern New Jersey. The property, featuring a 35,000-square-foot warehouse and a 10,000-square-foot office building, was acquired by Ridgecut Road from a private owner. JLL secured a loan through Byline Bank to support the acquisition and subsequent capital improvements. The strategic location near major highways and the Port of Newark positions the property to meet the high demand for industrial space in the region. The JLL Capital Markets team, led by Managing Directors Nicholas Stefans and Jason Lundy, facilitated the transaction.
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