JLL announced a pair of deals recently, including an appointment as exclusive leasing agent for a Class A office building in Matawan and the financing of an industrial facility in Berkeley Heights.
First, JLL was retained by Cranford-based Signature Acquisitions as the exclusive leasing and marketing agent for 100 Matawan Road, a four-story, 133,678-square-foot property on the border of Monmouth and Middlesex counties. The building currently has 30,000 square feet of space available.
John Buckley, executive vice president, and Erin Moran, vice president, are leading the team handling the assignment.
“We are excited to join with Signature Acquisitions to market and lease this distinct property,” Moran said in a prepared statement.
In the other deal, JLL Capital Markets arranged $9 million in financing for a fully leased, 77,875-square-foot industrial property at 100 Industrial Road.
JLL worked on behalf of the borrower, a joint venture of Camber Real Estate Partners and an undisclosed institutional investor, to place a five-year, fixed-rate loan with First Bank. The borrowers acquired the property vacant earlier in 2020, and are performing extensive renovations to divide it into two units.
The debt placement team on the deal was led by Greg Nalbandian, senior managing director, and Michael Lachs, vice president.
“Camber created significant value preleasing the entire building at very attractive rents,” Nalbandian said in a statement. “These attributes, combined with best-in-class sponsorship, made this a very attractive financing opportunity.”
