United States, July 15 -- JLL Capital Markets announced that it has secured the sale and acquisition financing for a 5.78-acre low coverage industrial property in Northern New Jersey.JLL facilitated the transaction with the buyer, Ridgecut Road, who acquired the asset from a private owner. Working on behalf of the buyer, JLL also secured a loan through Byline Bank, led by Senior Vice President Joanne Campanile, that will enable the sponsor to acquire the property, implement a capital improvement plan and season the asset.The property, situated on 5.78 acres, consists of a 35,000-square-foot warehouse and maintenance facility with 26 to 30-foot clear heights and three oversized drive-in doors, as well as a two-story, 10,000-square-foot offic...