JLL secures construction financing for New Jersey industrial property from Glacier Credit Strategies
United States, Oct. 6 -- JLL Capital Markets announced that it has arranged construction financing from Glacier Credit Strategies for the development of a 41,115 square foot industrial property located at 9 Porete Ave. in North Arlington, Bergen County, New Jersey.JLL worked on behalf of the borrower, The Hampshire Companies LLC ("Hampshire"), to secure the financing. The property is located within the Borough of North Arlington's Porete Avenue Redevelopment Area, a 25-acre industrial zone in the Meadowlands submarket. The development is designed to accommodate last-mile and delivery-focused industrial users seeking modern warehouse space with immediate access to the region's major transportation networks.The development reflects Hampshire'...
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