JLL Capital Markets facilitated acquisition financing for six-building industrial property in New Brunswick, New Jersey
News release
01 August 2024
Brunswick Industrial Campus secures $23.3 million in financing
Your browser doesn't support speech synthesis.
Listen to article •
Read time: 1 sec
MORRISTOWN, N.J., Aug. 1, 2024 – JLL Capital Markets announced today that it secured $23.3 million in acquisition financing for Brunswick Industrial Campus, a six-building industrial property located in New Brunswick, New Jersey.
JLL represented the borrower, B&D Holdings, to secure the fixed-rate, five-year loan.
Located at 1460 Livingston Avenue in Middlesex County, New Jersey, the property spans 206,069 square feet across six distinct buildings and is home to a variety of tenants and uses. Sitting on approximately 21 acres, the buildings on the property feature 19-foot to 30-foot clear heights with 14 dock doors and 15 drive-ins.
The property is situated within the Exit 9 Industrial submarket of New Jersey, one of the strongest industrial submarkets in the state. With this prime location, Brunswick Industrial Campus also benefits from its easy access to major transportation arteries, including the New Jersey Turnpike, Interstate 287 and Route 1, as well as proximity to the Newark Port and Newark Airport, further enhancing its connectivity.
The JLL Debt Advisory team was led by Director Max Custer, Managing Director Thomas E. Didio Jr. and Senior Analyst Benjamin Morgenthal.
“We are proud to have secured acquisition financing for Brunswick Industrial Campus on behalf of B&D Holdings,” said Custer. “With its diverse tenant mix and strong market fundamentals the property is well-positioned for future growth and success.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About B&D Holdings
Founded in 2008, B&D Holdings is a professional real estate operator with extensive experience managing, acquiring and developing industrial properties. The Company maintains a portfolio of more than 235 properties aggregating more than 8.5 million square feet across the United States. The principals of B&D are uniquely qualified to manage and expand in the industrial sector given their past operational knowledge within the building supply sector and the strategic relationships formed over their four decades of operating within the asset class.