JLL to market potential housing development site for Linde

JLL Capital Markets has been chosen by the Linde industrial gases company to market a 21.5-acre development site in New Providence, which is approved for up to 297 multifamily units.

JLL said in a news release that the property at 100 Mountain Ave. is zoned for up to 51 for-sale townhomes and 246 multihousing rental units, including the potential for use as senior housing. A vacant 190,000-square-foot building that was formerly used for research & development remains on site and could continue to be utilized for those purposes, JLL added.

The team representing the seller is led by Jose Cruz and Kevin O’Hearn, senior managing directors; Daniel Loughlin, vice chairman; Mark Mahasky, director; and Grace Braverman, senior associate.