Jones Lang LaSalle Inc. $(JLL)$, through its Capital Markets division, has arranged construction financing for High Mountain Promenade, a new mixed-use development in North Haledon, New Jersey. The financing was secured on behalf of a joint venture between Tulfra Real Estate and Hampshire Real Estate Companies, with First Bank providing the construction loan. Proceeds from the loan will primarily fund the development of a 74,715-square-foot self-storage facility, with additional funds allocated for future phases that include 90 luxury apartments and 4,400 square feet of retail space. The self-storage facility, managed by Public Storage, will serve as the initial phase of the project.

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