The Hampshire Companies LLC is the borrower for the 41,115-square-foot building at 9 Porete Ave., Bergen County, N.J.
JLL Capital Markets arranged construction financing from Glacier Credit Strategies for a 41,115-square-foot industrial project at 9 Porete Ave. in North Arlington, Bergen County, N.J., Connect CRE reported on Oct. 9.
JLL senior managing directors Michael Klein and Jon Mikula and senior analyst Kevin Badger worked on behalf of The Hampshire Companies LLC to secure the financing, according to the report.
Reported by the Real estate debt desk from Connect CRE. Published . Corrections
Bank OZK is the senior construction lender and Eagle Realty Group the LP equity investor on the 282-unit Ibex at Ridge Hill.
JLL's Peter Rotchford and Michael Shmuely placed the debt with MF1 for the 15-story, 2004-built rental; terms were not disclosed.
The 132,055-square-foot building, completed in 2023, was sold by Bluewater Property Group and Affinius Capital.
The RK Investors deal, arranged by CBRE, carries about $270,000 of debt per unit, with first units due in March 2028.
The loan covers the 180-room hotel across from Princeton University that opened in 2024.
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