JLL Capital Markets has arranged the financing for a warehouse and distribution facility in Piscataway, it announced Wednesday.
The real estate services firm represented the borrower, a joint venture between Denholtz Properties and Long Wharf Capital, to secure a five-year, fixed-rate loan for 140 Ethel Road, a 109,000-square-foot multitenant property.
Webster Bank N.A. provided the financing. Full terms were not disclosed.
The JLL Capital Markets Debt Advisory team on the deal was led by Senior Managing Directors Michael Klein and Jon Mikula and Senior Analyst Salvatore Buzzerio.
“The market continues to be aggressive for well-located industrial product in this region,” Mikula said in a prepared statement.
140 Ethel Road is fully leased to 19 tenants spanning industries ranging from food & beverage to logistics and more. It has 24 loading docks, two drive-in doors, 24-foot clear heights and parking, and its location offers exceptional regional access to preeminent transportation routes.
