New York & Tri-State + New Jersey + Finance | April 27, 2022

JLL Arranges Financing for Thor Equities on Meadowlands Industrial

JLL Capital Markets arranged pre-development and construction financing on behalf of Thor Equities for the development of a 150,917-square-foot speculative warehouse and distribution facility at 14-22 River Rd. in Bogota, NJ. JLL’s David Sitt, Peter Rotchford, Matthew Pizzolato and Michael Lachs placed the floating-rate loan with Centennial Bank.

“We continue to see tremendous interest form the lending community for well-located, institutional-quality industrial projects,” said Pizzolato. “Centennial Bank recognized this and stepped up to offer attractive terms and a structure that will allow our client to execute their business plan.”

Once completed, the facility will offer tenants a 40-foot clear height, 28 dock doors, three drive-in doors, low office finish, ESFR fire protection, 15 trailer parking stalls and 225 parking spaces. The property is in the dense, infill Meadowlands industrial submarket, which has a limited inventory of modern, Class A distribution product.

Connect

Inside The Story

JLL's Pizzolato

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints