FINANCED
JLL Brokers Arrange $33M Construction Loan For East Hanover Industrial Property
11 Mount Pleasant Avenue
Industrial
314,413 SF
314,413 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Industrial
314,413 sqft
An industrial property located at 11 Mt. Pleasant Ave in East Hanover has recently undergone a closed transaction. The property spans a total area of 314,413 square feet and falls under the industrial asset category.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $33,000,000
- Address: 11 Mt. Pleasant Ave
- Market: East Hanover
- Asset Type: Industrial
- Square Footage: 314,413
The loan for this transaction was provided by Hartford Investment Management Co. The lender extended a construction loan amounting to $33,000,000. The loan terms include a four-year period with a floating interest rate.
The property's landlord is Bridge Industrial LLC. The brokers involved in the deal were Michael Klein, Jon Mikula, and Ryan Carroll from JLL.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Michael Klein, Jon Mikula & Ryan Carroll
DATE: 10/17/2022
ADDRESS: 11 Mt. Pleasant Ave
MARKET: East Hanover
ASSET TYPE: Industrial ~ SF: 314,413
LENDER: Hartford Investment Management Co
LANDLORD: Bridge Industrial LLC
BROKERS: Michael Klein, Jon Mikula & Ryan Carroll - JLL (@JLL)
LOAN AMOUNT: $33,000,000
LOAN TYPE: Construction Loan
LOAN TERMS: four-year, floating-rate loanView on map
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Address11 Mount Pleasant Avenue
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