Page 2 - RE-NJ
P. 2

   TRANSACTION SPOTLIGHT
1 Electronics Drive, Hamilton, NJ
JLL Capital Markets facilitated the sale, joint venture acquisition equity and debt placement for 1 Electronics Drive, a 16-acre flex/industrial property located in Hamilton, Mercer County, New Jersey.
Acting on behalf of the seller BTR Capital Group, JLL Capital Markets
arranged the sale to
Saxum Real Estate. Ad-
ditionally, working on
behalf of the new owner,
JLL secured joint venture equity from Meadow Partners along with acquisition financing from Prime Finance.
Avalon Hackensack at Riverside, Hackensack, NJ
JLL Capital Markets represented the seller in the sale of Avalon Hackensack at Riverside, a multi-housing community containing 226 apartment homes located at 414 Hackensack Ave. in Hackensack, New Jersey.
Built in 2013, the property has been institutionally owned and maintained, currently sitting at 96 percent leased. The community offers an attractive apartment mix of spacious studio, one-, two- and three- bedroom
apartments with select apartments featuring balconies, patios, dens and loft-style layouts. Residents also enjoy a variety of community
features including a swimming pool with grilling area, resident clubhouse, state-of-the-art fitness center, tenant lounge, covered garage parking, dog run and pedestrian entry to Hackensack River County Park.
35 Cottage Street, Jersey City, NJ
JLLCapital Markets secured $152 million in construction financing for the development of 35 Cottage St., a 588-unit luxury apartment building to be-built in Jersey City, to include a CHABAD
Morristown, NJ
YEAR FOUNDED: 1999
NUMBER OF BROKERAGE AND SUPPORT
PROFESSIONALS IN NEW JERSEY: 47 AREAS OF EXPERTISE IN REAL ESTATE:
Investment Sales, Debt and Equity Placement
Synagogue, preschool and the first dedicated party hall in Journal Square.
With the future location of 35 Cottage St., the community will be less than a five-minute walk from the Journal Square PATH Station. 35 Cottage is within 30 minutes of New York City’s Penn Station, The World Trade Center and Newark’s
Penn Station. The complex
will be conveniently situated
in Journal Square in the
heart of Jersey City, which
has a low vacancy rate of 2.3
percent despite rising rents and an increase in supply.
JLL represented the borrower, Namdar Group, to secure the senior financing through Centennial Bank and the mezzanine financing through a private lender.
Matrix Logistics Park, Mount Olive, NJ
JLL Capital Markets arranged $93 million in financing for Matrix Logistics Park — Mount Olive, a two- property, under-construction, Class A warehouse and distribution industrial park totaling 781,748 square feet in Mount Olive, Morris County, New Jersey.
The property at 2000 International Drive is situated on 13.629 acres and totals 196,748 square feet. Key building features include single-side loading capa- bilities, 36-foot
clear height, 34
loading docks,
two drive-in
doors, 110 park-
ing spaces and 43 trailer parking spaces. The second property is located at 3000 Continental Drive, a site redeveloped from the former BASF United States headquarters. The building totals 585,000 square feet and includes 40-foot clear heights, cross-dock configuration, 107 loading doors, four drive-in doors, 306 parking spaces and 142 trailer spaces.
JLL worked on behalf of the borrower, a Matrix Development Group-led venture, and secured the loan from Bank OZK.
    2



























































   1   2   3   4   5