JLL, Progress Capital source $114 million loan for Newark office, parking portfolio

A joint venture has landed a nearly $114 million loan to purchase and reposition two office buildings and a parking garage in downtown Newark, according to a debt advisory team.

Investment team buys Newark office buildings, parking garage for $80 million

An investment group has acquired two office buildings and a parking garage in downtown Newark for $80 million, with plans to spend another $70 million to reposition the properties.