Acquisition loan secured for Class A logistics center in Millstone, NJ
United States, March 5 -- JLL Capital Markets announced that it has arranged acquisition financing for Millstone 8 Logistics Park, a fully leased Class A industrial asset located at 505 Route 33 in Millstone, New Jersey.JLL represented the borrower, BGO, in securing the loan through Northwestern Mutual.Millstone 8 Logistics Center was built in 2022 and features 40-foot clear heights, 170 loading doors, cross-dock loading capabilities and parking for 458 cars and 273 trailers. The facility is fully leased to a U.S.-based third-party logistics provider.The property is less than a 10-minute drive from Exit 8 of Interstate 95, providing access to major highways including Interstate 295, Interstate 78 and Interstate 287, as well as proximity to ...
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