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.
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