$14.5 Million refinancing secured for multi-tenant industrial property in Bergen County, NJ
United States, May 6 -- JLL Capital Markets announced that it secured a $14.5 million refinancing for 500 W Main Street, a 115,084-square-foot multi-tenant industrial facility in Wyckoff, New Jersey.JLL worked on behalf of the borrower, The STRO Companies, to secure the five-year, fixed-rate loan through City National Bank.Built in 1966, the shallow bay property features 21-foot clear heights, six dock doors, nine drive-in doors and 115 parking spaces. The facility is fully leased to 12 tenants across manufacturing, distribution and service industries.The property benefits from an advantageous location in Bergen County, New Jersey, featuring strong regional connectivity, infill dynamics, impressive market fundamentals and population density...
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