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JLL arranges $65.4M financing for Class A industrial facility in Passaic
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JLL arranges $65.4M financing for Class A industrial facility in Passaic
JLL Capital Markets announced Oct. 6 that it has secured $65.4 million in financing for Passaic Logistics Center, a 295,506-square-foot Class A industrial facility at 122 8th St. in Passaic. JLL represented the borrower, a joint venture between PCCP and Stonemont Financial Group, to secure a bridge loan through TPG Real Estate Credit. Other financial details were not available. The logistics facility was completed in the fourth quarter of 2024 a…
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