JLL arranges construction financing for Extra Space Storage development in Glen Rock
United States, Aug. 6 -- JLL Capital Markets announced it has arranged construction financing for the development of Extra Space Glen Rock, a three-story self-storage facility totaling 121,384 gross square feet at 161 Harristown Road in Glen Rock, New Jersey.JLL worked on behalf of the borrower, Shadowbrook Capital, to secure the loan through Provident Bank. This marks the second construction loan JLL has arranged between Shadowbrook Capital and Provident Bank.Shadowbrook Capital acquired the fully entitled 1.98-acre site in late 2025 and has engaged Extra Space Storage (NYSE: EXR), a top self-storage operator and REIT in the country, to manage the leasing and daily operations upon completion.Upon its anticipated completion in 2027, the thr...
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