**JLL Arranges Refinancing for West Ridge Corporate Campus in Eatontown, NJ**
JLL Capital Markets has secured a refinancing deal for West Ridge Corporate Campus, a five-building industrial/flex property totaling 114,622 square feet located in Eatontown, Monmouth County, New Jersey. The financing was arranged by Senior Managing Director Michael Klein, Director Ryan Carroll, and Analyst Tyler Caricato, who represented the borrower, Bollerman Companies. The team secured a seven-year loan through an insurance company.
Situated on 11.14 acres at 1 Industrial Way West, the fully leased campus benefits significantly from its strategic location between New York City and Philadelphia. The property offers direct connectivity to major transportation corridors, including the Garden State Parkway, I-195, Route 35, Route 36, and Route 18. Additionally, it provides tenants with convenient access to Newark Liberty International Airport and the Port of New York and New Jersey.
“West Ridge Corporate Campus exemplifies the strong performance we’re seeing in the Monmouth industrial/flex submarket, where vacancy rates have decreased to 3.5% and rents have increased by over 45% since 2020,” said Klein.
The refinancing highlights the continued demand for well-located industrial/flex properties in key Northeastern markets.
