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Webster Bank Funds NJ Multi-Tenant Warehouse
Denholtz Properties and Long Wharf Capital have landed financing for a multi-tenant warehousing and distribution facility in Piscataway, New Jersey. Webster Bank provided the five-year fixed-rate loan.
Located at 140 Ethel Road, the 109,000 square feet property is fully leased to 19 tenants in the food and beverage, logistics and warehousing industries. The facility features 24 loading docks, two drive-in doors, 24-foot clear heights and parking space.
The JLL Capital Markets Debt Advisory team was led by Michael Klein, Jon Mikula and Salvatore Buzzerio. “The market continues to be aggressive for well-located industrial product in this region,” said Mikula.