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Construction loan clears way for Jersey City self-storage development

Summary by NJBIZ
A new self-storage facility is due in Jersey City, following construction financing arranged by JLL Capital Markets. According to a Jan. 7 announcement from the global commercial real estate and investment management company, it worked on behalf of borrower Tulfra Realty Co. to secure the construction loan with Futlon Bank NA. Public Storage will lease and manage the 795-unit facility, JLL said. Located at 300 McGovern Drive, Liberty Storage Cen…
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Construction loan clears way for Jersey City self-storage development

A new self-storage facility is due in Jersey City, following construction financing arranged by JLL Capital Markets. According to a Jan. 7 announcement from the global commercial real estate and investment management company, it worked on behalf of borrower Tulfra Realty Co. to secure the construction loan with Futlon Bank NA. Public Storage will lease and manage the 795-unit facility, JLL said. Located at 300 McGovern Drive, Liberty Storage Cen…

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NJBIZ broke the news in on Thursday, January 9, 2025.
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