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9256-60 Commerce Highway, 1537 Glen Avenue, 5...

Ryan Carroll, Michael Klein and Steven Klein broker a $21,980,000 loan for Industrial property. The deal closed 7 months and 7 days ago.

  • Location image 9256 Commerce Highway, Pennsauken Township, New Jersey 08110, United States
  • Loan Value
    image $21,980,000
  • Asset Type image Industrial
  • Area image 251,922 SF
  • Parties image3 Brokers,1 Lender,1 Agency
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Ryan Carroll

JLL
  • Deals 5
  • Volume $132,140,000
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Michael Klein icon

JLL
  • Deals 28
  • Volume $980,440,000
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Steven Klein

JLL
  • Deals 17
  • Volume $1,060,000,000
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Ready Capital

Lender
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JLL

Agency
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Comparables: 9256-60 Commerce Highway, 1537 Glen Avenue, 5 East Stow Road, 18 & 19 Creek Parkway & 71 Vanguard Drive

Showing 3 of 3

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Price Icon $25,000,000

  • StatusLOAN, $132 PPSF
  • Date07/18/22
  • Address602 New Market Avenue, South Plainfield, New Jersey 07080, United States
  • Address602 New...
  • AssetINDUSTRIAL
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Price Icon $24,900,000

  • StatusLOAN, $96 PPSF
  • Date03/11/22
  • Address60 Chapin Road, Pine Brook, New Jersey 07058, United States
  • Address60 Chapin...
  • AssetINDUSTRIAL
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Price Icon $21,000,000

  • StatusLOAN, $3352 PPSF
  • Date05/07/21
  • Address201 Elizabeth Street, South Bound Brook, NJ 08880
  • Address201 Elizabeth...
  • AssetINDUSTRIAL
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This Deal on Social

LOAN
IMAGE: Peter Lewis, Steven Klein, Michael Klein & Ryan Carroll
DATE: 03/03/2022
ADDRESS: 9256-60 Commerce Highway, 1537 Glen Ave, 5 E. Stow Road, 18 & 19 Creek Parkway & 71 Vanguard Drive
MARKET: Pennsauken, Moorestown & Marlton, NJ, Boothwyn & Reading, Pennsylvania
ASSET TYPE: Industrial ~ SF: 251,922

LENDER: Ready Capital
LANDLORD: Wharton Industrial – Peter Lewis
BROKERS: Steven Klein, Michael Klein & Ryan Carroll – JLL Capital Markets

LOAN AMOUNT: $21,980,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: four-year, floating-rate, non-recourse

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LOAN
IMAGE: Peter Lewis, Steven Klein, Michael Klein & Ryan Carroll
DATE: 03/03/2022
ADDRESS: 9256-60 Commerce Highway, 1537 Glen Ave, 5 E. Stow Road, 18 & 19 Creek Parkway & 71 Vanguard Drive
MARKET: Pennsauken, Moorestown & Marlton, NJ, Boothwyn & Reading, Pennsylvania
ASSET TYPE: Industrial ~ SF: 251,922

LENDER: Ready Capital
LANDLORD: Wharton Industrial – Peter Lewis
BROKERS: Steven Klein, Michael Klein & Ryan Carroll – JLL Capital Markets

LOAN AMOUNT: $21,980,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: four-year, floating-rate, non-recourse

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Contact Ryan Carroll

Michael is a Senior Managing Director and Co-Office Head in the New Jersey office of JLL with over 17 years...

Steven is a managing director in the New York office of JLL Capital Markets, Americas. He joined JLL as part...

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