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New York & Tri-State  + New Jersey  + Industrial  | 

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.  

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.