JLL Capital Markets arranged a refinancing on behalf of Denholtz Properties for Edgeboro Corporate Center, a fully leased, two-building light industrial complex totaling 84,000 square feet in East Brunswick.
Constructed in 1977, Edgeboro Corporate Center consists of two one-story buildings offering small-bay and light industrial space with 19-foot clear heights, 20 dock-high doors and ample truck court areas in a corporate park environment. It is conveniently located at Edgeboro Road in East Brunswick, just off Route 18, less than a mile south of New Jersey Turnpike Exit 9 and 1.5 miles south of Route 1.
The property offers incomparable access to central New Jersey and the region’s transportation infrastructure.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Directors Michael Klein and Jon Mikula and Vice President Michael Lachs.
“JLL is proud to have arranged a long-term loan on behalf of our client with a leading life insurance company lender,” Lachs said. “The lender provided exceptional terms that best met our client’s refinancing objectives, including a significant interest-only period. The lender recognized the long-term success of Edgeboro Corporate Center and expertise of Denholtz Properties in operating and leasing the property.”