JLL Capital Markets led the $14 million financing efforts for 107 How Lane, a 6.42 Acre, 36.000 SF industrial/ IOS property in New Brunswick, NJ

Michael Klein

 

MORRISTOWN, NJ–  JLL Capital Markets secured the $13.6 million acquisition loan for 107 How Lane, a 35,800-square-foot industrial property on 6.42 acres in New Brunswick, New Jersey.

 JLL worked on behalf of Ridgecut Road to secure the three-year, floating-rate acquisition loan through Byline Bank.

 

The property is comprised of 6.42 acres of outdoor storage and truck parking along with three buildings totaling 10,300 square feet, 19,500 square feet and 9,000 square feet. 

The buildings feature 24- to 28-foot clear heights and 26 dock positions. The property offers tremendous functionality for a deep pool of industrial tenancy with operations ranging from truck/trailer parking to various types of industrial outdoor storage (IOS).

Max Custer 

Located in the heart of the Middlesex submarket, the property offers unmatched access to Northern New Jersey’s transportation network being 35 minutes from the Port of Newark and having direct access to US-1, which connects to I-95. The property is also strategically positioned within four miles of Exit 8A on the NJ Turnpike, making it an ideal choice for accommodating overflow demand from the highly sought-after New Jersey industrial space.

 

The JLL Debt Advisory team was led by Senior Managing Director
Michael Klein, Director Max Custer and Senior Analyst Benjamin Morgenthal.

 

"We are excited to have facilitated the acquisition financing for 107 How Lane in New Brunswick," said Klein. "This property offers exceptional transportation connectivity, specifically tailored to meet the needs of the industrial and trucking sectors. It is a testament to the strength of the market and the value that this property holds."

Benjamin Morgenthal

“We are excited to add this irreplaceable low coverage industrial property to Ridgecut Road's growing portfolio of industrial assets in the New Jersey and New York City market. The property is mission critical real estate that serves as the backbone of our supply chain. It is very difficult to find or develop assets like it today,” added Scott Shalek, Co-Founder and Principal of Ridgecut Road.

 

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. 

 

 

 

Contact:

 

 Grace Lewis, JLL PR

Phone: +1 903 520 3478  

Email: grace.lewis@jll.com

jll.com.

JLL arranged the financing for Preserve at Perdido, a newly constructed apartment community in Pensacola, FL

Preserve at Perdido, a 312-unit, Class AA
multi-housing complex in Pensacola, FL
 

CHICAGO, IL –  JLL Capital Markets has arranged the financing for Preserve at Perdido, a 312-unit, Class AA multi-housing complex in Pensacola, Florida. Financial details were not disclosed.

 JLL worked on behalf of the borrower, Graycliff Capital, to secure the seven-year, fixed-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.

 

Trent Niederberger

The loan was secured through the Freddie Mac’s Targeted Affordable Housing program and was one of the first Freddie Mac transactions completed with Florida’s Live Local Act initiative. Also referred to as SB 102, the Live Local Act is a tax incentive program that aims to promote the development of affordable housing in Florida.

Strategically positioned at 2600 S Blue Angel Parkway, Preserve at Perdido offers residents unparalleled access to the region's top employers, including Navy Federal Credit Union, Corry Station, Ascend Performance Materials, Baptist Health Care Corporation and the Pensacola VA Clinic. Each of these esteemed companies employs over 1,000 individuals in the Pensacola area, further enhancing the desirability of the location.

 Danté Thomas

Built in 2022, Preserve at Perdido currently boasts an impressive 93% occupancy rate. .JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Directors Trent Niederberger and Danté Thomas.

 

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. 

 

CONTACT

Gréta Kieras​​​​ Senior Associate, Public Relations JLL Capital Markets 1980 Festival Plaza Drive Suite 250 Las Vegas,  NV  89135 T  +1 949 930 8498 Greta.Kieras@jll.com CA  RE license # 02111877 us.jll.com/capitalmarkets Jones Lang LaSalle Americas, Inc. a licensed real estate brokerage company. ​CA RE license #01223413

 

JLL represents Enso Logistics in new 45,000 SF industrial lease for expansion in Fullerton, CA

 

 

 

Enso Logistics, 1830 Raymer Avenue, Fullerton, CA

 FULLERTON, CA – JLL has represented Enso Logistics in a new lease for a 45,000-square-foot freestanding industrial building located at 1830 Raymer Avenue in Fullerton, California.  Enso Logistics offers comprehensive logistics solutions, integrating warehouse services, transportation management, packing, and shipping. 

 

1830 Raymer Avenue features six dock-high loading doors, three oversized grade-level doors, fenced yard area, fire sprinkler system, and a new roof. The building is ideally located just minutes to the I-5, 91, 57, and 605 freeways, providing convenient access to neighboring communities. 

Xavier Nolasco

JLL’s Senior Vice President Xavier Nolasco represented the Enso Logistics in the lease.  The landlord, LBA Realty, was represented by CBRE.  

 

“Despite some softening in Orange industrial leasing, the market remains one of the strongest in the United States,” said Nolasco.  “We continue to see moderate demand from a wide range of firms including logistics, aerospace, and automotive.”

 

Nolasco went on to say, “According to JLL’s Q2 2024 Orange County Industrial Outlook, vacancy currently sits at 4.6 percent with rents sliding slightly.”

  

Contact:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

jll.com.

 

Lee & Associates South Florida Welcomes Accomplished Commercial Real Estate Broker Team

Sebastian Misiewicz

MIAMI, FL – Lee & Associates South Florida made another significant addition to its expanding roster of talented commercial real estate brokers with the arrival of a team led by new Principal Sebastian Misiewicz. The industry veteran is joined by Associate Ethan Amar.

 

The brokers will split time between the firm’s Miami and Deerfield Beach offices.

 

Before Lee & Associates South Florida, Misiewicz was a Senior Associate at CBRE. His impressive career also includes a productive tenure with Marcus & Millichap.

 

“We are thrilled to bring Sebastian and Ethan into the fold of our growing team,” Lee & Associates South Florida President Matthew Rotolante said. “Since 1979, Lee agents have been incentivized to work harder, smarter and longer than their competitors due to the ability to receive premier resources and support, while also enjoying a larger portion of the commissions they earn through our profit share structure. 

 

"I am confident Sebastian’s clients will appreciate the extra attention they will receive from our office, and the greater returns that accompany our unique operational philosophy and structure that lets us dedicate more time, money and resources to the marketing of their properties.”

 Ethan Amar

At CBRE, Misiewicz played a pivotal role in closing nearly $1 billion in commercial real estate sales alongside the South Florida Capital Markets team. At Marcus & Millichap, he specialized in the acquisition and disposition of office and industrial properties, particularly within Miami-Dade County. 

During his time with Marcus & Millichap, Sebastian was instrumental in helping the Silver Group close almost $500 million in commercial real estate assets, establishing the team as one of the most competitive in the region.

 

Misiewicz attended the University of Gdansk in Poland.

 

 Teammate Ethan Amar was previously at NNN Capital, where he was responsible for conducting comprehensive research and analysis on commercial real estate trends, including property values, rental rates and market vacancies.

 

Matthew Rotolante 

He also supported the creation and maintenance of databases to monitor market trends, property transactions and competing activities, demonstrating his adaptability and initiative in a dynamic work environment.

Amar earned his bachelor's degree in Business Administration and Management from the University of Central Florida.

 

. For the latest news from Lee & Associates South Florida, please visit leesouthflorida.com or follow us on Facebook, LinkedIn, Twitter and Instagram, our company local news.

 

For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.

 

 

CONTACT:

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

Web | Facebook | Instagram | LinkedIn

  

JLL Capital Markets represented RedPeak Properties in originating a $51 million Fannie Mae loan for a newly remodeled complex in Denver, CO

 

Elowyn Townhomes, a 211-unit townhome
community in southwestern Denver, CO

 DENVER, CO –  JLL Capital Markets  has secured a $51.116 million financing for Elowyn Townhomes, a 211-unit townhome community in southwestern Denver, Colorado.

 

JLL worked on behalf of the borrower, RedPeak Properties, to originate the five-year, fixed-rate, full-term interest only Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC.

 

“RedPeak did an absolutely tremendous job in fully renovating this very unique 1975 vintage asset that offers large units with new finishes throughout, full basements and private back yards.  JLL is thrilled to be involved in this financing with such a great local owner and operator,” said Tony Nargi.

Tony Nargi

Situated at 4725 W Quincy Ave, Elowyn Townhomes boasts a prime location that offers convenient access to RTE-286, US-85 and I-25. 

Positioned just a few miles southwest of the Denver CBD, residents of this community enjoy proximity to the Denver Tech Center, Denver's largest employment hub.

 Being the most populous city in Colorado, Denver's multifamily market is showing signs of stability and growth.

 The vacancy rate stands at 5.55%, with 9,349 units absorbed in the past year. Rent growth has slowed due to increased supply, but still experienced 1.20% year-over-year growth. 

The construction pipeline is shrinking, and investor demand is rebounding. In the West Denver Submarket, which offers an affordable alternative to downtown, net absorption remains elevated with a vacancy rate of 5.31%. This area is attracting young professionals and families with its proximity to downtown and a vibrant mix of amenities.

Eric Tupler

JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Tony Nargi and Executive Managing Director Eric Tupler.

 

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

 

CONTACT:

Gréta Kieras,

Senior Associate,

 Public Relations

Phone: +1 949 930 8498  

Email: greta.kieras@jll.com