Denholtz Properties and Long Wharf Capital have secured financing from Webster Bank for a multi-tenant warehousing and distribution facility in Piscataway, New Jersey. The five-year fixed-rate loan was provided to the 109,000 square feet property located at 140 Ethel Road. It is fully leased to 19 tenants in the food and beverage, logistics and warehousing industries with 24 loading docks, two drive-in doors, 24-foot clear heights as well as parking space available onsite.
The JLL Capital Markets Debt Advisory team led by Michael Klein, Jon Mikula and Salvatore Buzzerio facilitated this transaction. “The market remains competitive for well situated industrial properties within this region” said Mikula.
