JLL Capital Markets has arranged acquisition financing for a light industrial building in Carlstadt, it announced recently.
The property at 2 Palmer Terrace is a 60,400-square-foot, single-tenant facility. JLL worked on behalf of the borrower, Legacy Capital, to place the acquisition loan with Sound Point Commercial Real Estate Finance.
Financial terms were not disclosed.
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The team of Matthew Pizzolato and Thomas E. Didio Jr., both directors, represented the borrower.
“We continue to see tremendous demand from the lending community for well-located industrial product here in New Jersey,” Pizzolato said in a prepared statement. “We were thrilled to help the Legacy Capital team secure this acquisition loan.”