JLL Brokers Secure Loan For Industrial Property In East Brunswick

The Edgeboro Corporate Center is a fully leased, two-building light industrial complex located at 12 Edgeboro Rd, East Brunswick, NJ. The property, owned by Denholtz Properties, totals 84,000 square feet and offers small-bay and light industrial space with 19-foot clear heights, 20 dock-high doors, and ample truck court areas. Constructed in 1977, the corporate center has a successful history of strong occupancy and demand due to its prime location in Central New Jersey.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: undisclosed
• Address: 12 Edgeboro Rd, East Brunswick, NJ
• Market: East Brunswick
• Borrower's Rep: Michael Klein(JLL), Michael Lachs(JLL)
• Lender: undisclosed life insurance company

The JLL Capital Markets Debt Advisory team representing Denholtz Properties was led by Senior Managing Directors Michael Klein and Jon Mikula, along with Vice President Michael Lachs. The team successfully arranged a 10-year fixed-rate loan with a life insurance company lender, providing exceptional terms that align with the client's refinancing objectives. The lender acknowledged the property's long-term success and Denholtz Properties' expertise in property operation and leasing. JLL Capital Markets, known for its global capital solutions in real estate, facilitated a beneficial transaction that met the client's needs.