Denholtz Properties Secures $16.86M Loan For Industrial Property In Toms River, NJ

A $16,860,000 loan has been secured for an industrial property located at 1545-1575 Route 37 W in Toms River, NJ, Upper Macungie & Allentown, PA. The property spans 258,123 square feet and is owned by Denholtz Properties, represented by Steven Denholtz. The loan was provided by Minnesota Life Insurance Co.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $16,860,000
• Address: 1545-1575 Route 37 W, Toms River, NJ, Upper Macungie & Allentown, PA
• Market: Toms River, NJ, Upper Macungie & Allentown, PA

The deal was facilitated by JLL Capital Markets, with brokers Jon Mikula, Michael Klein, Michael Pagniucci, and Gerard Quinn representing the parties involved. The loan terms consist of two separate 10-year, fixed-rate loans.