JLL’s Capital Markets team completes sale of 216,000 SF industrial warehouse in South Brunswick Township, NJ

Jordan Avanzato

MORRISTOWN, NJ –  JLL Capital Markets has arranged the sale of 152 Ridge Road in South Brunswick Township, New Jersey, to Invesco Real Estate, a global real estate asset manager.

 The building consists of a 216,000-square-footcross-dock warehouse facility featuring 33 loading doors and 30-foot clear heights. 

Built in 1991, the property is 100% leased to a full-service, third-party logistics company that specializes in shipping via coast-to-coast LTL (less than truckload), full truckload and intermodal.

Marc Duval

The JLL Capital Markets team was led by Managing Directors Jordan Avanzato and Marc Duval, Directors Nicholas Stefans and Jason Lundy, Senior Managing Director Jose Cruz and Associate Conor Walsh.

“We have seen no shortage in demand for well-located, quality real estate in New Jersey,” stated Avanzato “The Exit 8A market has long been one of the strongest performing markets in New Jersey and continues to see rent growth and staggering absorption rates.”

“The industrial market in New Jersey has been a strong performer despite the headwinds over the past year and we are seeing the re-emergence of institutional capital to verify it,” added Duval.

Nicholas Stefans

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

Jason Lundy

About Invesco Real Estate

Invesco Real Estate is a global leader in the real estate investment management business with $87.3 billion in real estate assets under management, 613 employees and 21 regional offices across the U.S., Europe and Asia (as of September 30, 2023). 

Invesco Real Estate was established in 1983 and today invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. 

Jose Cruz

Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd.

 Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; e.

 About JLL  

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in variety of commercial, industrial, hotel, residential and retail assets.

  

Conor Walsh

A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. 

Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

 

Contact: 

Kristen Murphy, 

JLL Director

 Public Relations

Phone: +1 617 848 1572  

Email: Kristen.Murphy@jll.com 

  jll.com.  

http://www.invesco.com/realestat

 

JLL Capital Market arranges $19 million financing for the 108-unit seniors community in Elk River, MN

 

Jeff Lepley

MINNEAPOLIS, MN – JLL Capital Markets has successfully secured financing for Elk River Senior Living, a community offering independent living, assisted living and memory care services in Elk River, Minnesota.

The refinancing, facilitated through the HUD/FHA 232/223(f) program, amounts to $18,700,300 or $173,151/unit.

Elk River Senior Living, built in 2018, is well located in Elk River, Minnesota in a residential and commercial neighborhood, providing residents with seamless connectivity to regional highways.

Alex Sheaffer

The community offers a wide range of amenities including lounges, activity rooms, dining areas, outdoor courtyards and unit amenities such as cable TV, emergency pendants, full kitchens or kitchenettes and private baths, all aimed at enhancing the living experience for its residents.

The JLL Capital Markets Debt Advisory team, led by Managing Director Jeff Lepley and Associate Alex Sheaffer, played a key role in securing the financing for Elk River Senior Living.

 

Their expertise and guidance ensured a successful transaction and showcased JLL's dedication to providing customized capital solutions for clients in the senior living market.

Greg Johnson

The financing secured by JLL Capital Markets, consolidated five different debt obligations that were associated with the construction of the project. 

This financing arrangement demonstrates JLL's commitment to delivering tailored capital solutions to meet the unique requirements of Elk River Senior Living and its stakeholders.

“Our ownership group has worked with JLL on several projects," said Greg Johnson, Managing Partner for the borrower.

"Jeff Lepley and his team at JLL have delivered on every project. They have a broad knowledge of the market and offer significant insight and guidance before, during and after the transaction has closed. We look forward to partnering with Jeff and his team on future opportunities.”

 Elk River Senior Living, Elk River, MN

For more news, videos and research resources, please visit JLL’s newsroom. 

 

 Contact:

 

Alli Stent

PR, Hotels & Hospitality,

 Capital Markets

Chicago | JLL
M +1 330 329 6750