JLL Capital Markets Arranges $10M Acquisition Loan For Development Site In Montclair

A development site located at 65 Church St in Montclair has been acquired using an acquisition loan of $10,000,000. The property is owned by Bijou Properties LLC and the transaction was facilitated by Accurate - Jack Klugmann acting as the landlord's representative. The deal was brokered by Jose Cruz, Kevin O'Hearn, Ryan Robertson, Michael Oliver, Steve Simonelli, and Michael Zlotnick from JLL Capital Markets.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $10,000,000
• Market: Montclair
• Landlord: Bijou Properties LLC represented by Accurate - Jack Klugmann
• Brokers: Jose Cruz, Kevin O'Hearn, Ryan Robertson, Michael Oliver, Steve Simonelli, and Michael Zlotnick from JLL Capital Markets

The acquisition loan was used to facilitate the purchase of the development site at 65 Church St in Montclair. The deal was made possible by the involvement of key individuals and companies, including Bijou Properties LLC as the landlord, Accurate - Jack Klugmann as the landlord's representative, and the team of brokers from JLL Capital Markets led by Jose Cruz, Kevin O'Hearn, Ryan Robertson, Michael Oliver, Steve Simonelli, and Michael Zlotnick.