JLL arranges acquisition financing for Union, New Jersey industrial outdoor storage site

• JLL arranged acquisition financing for Ridgecut Road’s purchase of 1200 Springfield Road, a 5-acre industrial outdoor storage property in Union, New Jersey.
• Loan secured through a regional bank; transaction includes a short-term sale-leaseback intended to provide immediate cash flow.
• Asset includes an 18,500-square-foot maintenance facility; located near the Garden State Parkway, Route 22, Interstate 78.

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