 |
| David Sitt |
JLL worked on
behalf of the borrower, Thor Equities Group, to secure the three-year,
floating-rate loan through Tremont Realty Capital.
153 Linden St. is segmented into a
115,000-square-foot section with 27-foot clear heights, a 163,000 square foot
section with 16-foot clear heights and 52,000 square feet of outparcel buildings.
The
property is currently home to Waitex Group International, a third-party
logistics tenant, who uses the site as a distribution/warehouse facility.
 |
| Peter Rotchford |
The facility is located in the Route 3/
GSP industrial submarket, which is a desirable market for distribution and
warehouse users, as well as last-mile distribution users due to its proximity
to major Northern New Jersey thoroughfares and New York City.
The
property has exceptional access to key highways including I-80, Route 46, Route
19, Route 3, Route 21, the Garden State Parkway and the New Jersey Turnpike.
 |
| Matthew Pizzolato |
The JLL Capital Markets Debt Placement
team representing the borrower was led by David Sitt, Peter Rotchford,
Matthew Pizzolato and Ryan Carroll.
“Even with the recent
volatility in the capital markets, we continue to see strong interest from the
lending community for well-located, institutional quality industrial assets,”
said Pizzolato.
 |
| Ryan Carroll |
“Tremont Realty Capital provided attractive terms that will allow Thor to execute their business plan.”
CONTACT:
Jenna
Sharp
JLL
Associate
Public Relations
Phone: +1 214 394 3356
Email: Jenna.Sharp@am.jll.com
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