Michael Klein And Michael Lachs Of JLL Arrange Loan Deal On 150 Tornillo Way In Asbury Park

The industrial facilities located at 150 and 151 Tornillo Way in Tinton Falls, NJ, total 50,923 square feet and were fully leased to five tenants at the time of the loan closing. Denholtz Properties secured fixed-rate financing through Spencer Savings Bank for the newly constructed properties.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 150 Tornillo Way, Tinton Falls, NJ, 07712
• Market: Asbury Park
• Borrower's Rep: Michael Klein (JLL), Michael Lachs (JLL)
• Lender: Spencer Savings Bank

Michael Klein, Jon Mikula, and Michael Lachs from JLL facilitated the financing on behalf of Denholtz Properties for the industrial properties in Tinton Falls. The properties were fully leased at the time of the loan closing, showcasing a successful financing deal arranged by the JLL team.