United States, July 30 -- JLL Capital Markets announced that it arranged acquisition financing for 1200 Springfield Road, a five-acre industrial outdoor storage (IOS) property featuring an 18,500-square-foot maintenance facility located in Union, New Jersey.JLL worked on behalf of borrower, Ridgecut Road, to secure the loan through a regional bank. The acquisition includes a short-term sale-leaseback that provides immediate cash flow while the sponsor executes its leasing strategy to secure a long-term tenant.The property features an 18,500-square-foot maintenance facility offering 16-foot clear heights and five drive-in doors. Situated on a site specifically designed for industrial outdoor storage, the property can readily accommodate the ...