$340M Refinancing Secured for 50 & 70 Columbus in Jersey City

$340M refinancing secured for 50 & 70 Columbus in Jersey City

JLL and BlueGate Partners LLC arranges refinancing for premier mixed-use property in Jersey City's Waterfront district MORRISTOWN, N.J., Sept. 10, 2025 /PRNewswire/ -- JLL's Capital Markets group, in conjunction with BlueGate Partners LLC, announced today that it has arranged a $340 million refinancing for 50 & 70 Columbus, a 938-unit mixed-use property located in Jersey City, New Jersey. JLL and BlueGate represented the borrower, a joint ventu…

Truist Lends $340M on Jersey City Residential High-Rises

JLL Capital Markets and BlueGate Partners LLC arranged a $340-million refinancing for 50 & 70 Columbus, a 938-unit mixed-use property located in Jersey City. JLL senior managing director Thomas Didio, managing director Thomas E. Didio, Jr., director Gerard Quinn and senior analyst Michael Mataras and BlueGate represented the borrower, a joint venture between Ironstate Development Company and Panepinto Properties, in securing the balance sheet lo…

98% Occupied: Luxury Jersey City Towers Above PATH Station Secure $340M Refinancing Deal

JLL and BlueGate Partners secure $340M refinancing for 50 & 70 Columbus, a 938-unit luxury complex with 98% occupancy. Features 27,746 sq ft retail space and direct PATH access.

JLL Arranges $340M Refinancing of Two Jersey City Apartment Buildings

JERSEY CITY, N.J. — JLL has arranged the $340 million refinancing of two Jersey City apartment buildings totaling 938 units. The 36- and 48-story buildings are known as 50 and 70 Columbus and were completed in 2007 and 2015, respectively. Both buildings feature studio, one-, two- and three-bedroom units with in-unit washers and dryers, walk-in closets, hardwood floors, stone countertops and stainless steel appliances. Amenities include a heated …

JLL and BlueGate arrange $340 million in refinancing for 50 & 70 Columbus in Jersey City

JLL Capital Markets, along with BlueGate Partners LLC, said Sept. 9 that it has arranged a $340 million refinancing for 50 & 70 Columbus, a 938-unit mixed-use property in Jersey City. JLL and BlueGate represented the borrower, a joint venture between Ironstate Development Co. and Panepinto Properties, in securing the balance sheet loans through Truist Financial Corp., which served as administrative agent and sole bookrunner on the transaction. C…

Ironstate, Panepinto refi Jersey City high-rises for $340 million in deal by JLL, BlueGate – Real Estate NJ

50 and 70 Columbus in Jersey City — Courtesy: JLL By Joshua Burd Ironstate Development Co. and Panepinto Properties have secured $340 million to refinance a two-building, 938-unit multifamily property in downtown Jersey City. According to JLL and BlueGate Partners, which sourced the debt, Truist Financial Corp. provided the loans as administrative agent and sole bookrunner on the transaction. Proceeds will support the mixed-use high-rises known …