JLL Capital Markets has successfully secured $93 million in financing for the development of Matrix Logistics Park – Mount Olive, a state-of-the-art industrial park located in Mount Olive, NJ. The funding was obtained from Bank OZK and will be used to support two properties within the park: a 196,748-square-foot facility at 2000 International Drive and a 585,000-square-foot facility at 3000 Continental Drive.
Strategically situated in the highly sought-after International Trade Zone with easy access to major transportation routes and the Mount Olive Train Station, this industrial park offers exceptional features such as high clear heights, loading docks and ample parking space.
The team at JLL Capital Markets led by Thomas Didio worked closely with Jim Cadranell along with Thomas E. Didio Jr., Michael Lachs and Olivia Doody to secure this financing deal. According to Didio,”There is significant demand for speculative industrial developments among various debt capital sources. In this case,Bank OZK emerged as an ideal partner providing an attractive solution for Matrixand their development partner.” This latest achievement marks yet another milestone for JLL Capital Markets’ expertise in securing funding solutions that drive successful real estate projects forward without any mention of Connect or its affiliates.
