JLL secures $80.27 Million acquisition financing for 613K SF industrial property
United States, April 29 -- JLL?Capital Markets announced that it has arranged $80.27 million in acquisition financing for 169 Pulaski Street, a 17.9-acre industrial property in Bayonne, New Jersey.JLL worked on behalf of the borrower, Turnbridge Equities, to secure the loan.169 Pulaski Street comprises three industrial buildings and 2.16 acres of industrial outdoor storage space. The property features 48 loading docks, ceiling heights up to 28 feet and ample parking for over 225 trailers.The property is currently 90% leased to Waitex Global International, a global logistics company that has occupied the site for over 21 years. Waitex will execute short-term leasebacks on portions of the property while the new ownership implements a value-ad...
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