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JLL Brokers Secure Loan For Industrial Property In East Brunswick

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FINANCED

New Jersey

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Industrial
Financed 09/07/2022
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FINANCED

JLL Brokers Secure Loan For Industrial Property In East Brunswick

12 Edgeboro Rd, East Brunswick, NJ, 0...

See Similar Deals
Industrial
Financed 09/07/2022
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Summary

NEW JERSEY
Asset Type:Industrial
Transaction Type:Loan

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:

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.

Players

Michael Lachs
26 deals$1.8B volume(312) 782-5800
BROKER

Michael Klein
JLL
77 deals$2.6B volume(973) 549-2005
BROKER

LENDER

Details

FINANCED
IMAGE: 09/07/2022 ADDRESS: 12 Edgeboro Rd, East Brunswick, NJ, 0... MARKET: East Brunswick ASSET TYPE: Industrial BORROWER'S REP: Michael Klein(JLL), Michael Lachs(JLL) LENDER: undisclosed life insurance company

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Deal Type
Debt Service Coverage Ratio (DSCR)

0.00x

Max Loan Amount

$0.00

Monthly NOI$0.00
Monthly Debt Service$0.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00