JLL arranges financing for Frassetto Companies' industrial assets

JLL arranges financing for Frassetto Companies' industrial assets

JLL Capital Markets announced that it has arranged refinancing for two industrial properties totaling 143,265 square feet in Lincoln Park. JLL worked on behalf of the borrower, The Frassetto Companies, to secure a 10-year, fixed-rate loan. The properties, constructed by the sponsor in 1985, are both 100% leased to a diverse roster of 10 tenants. 600 Ryerson Road is a 105,242-square-foot multi-tenant facility situated on 9.64 acres featuring 22-…

JLL: Frassetto refis two-building, 143,000 sq. ft. industrial portfolio in Lincoln Park – Real Estate NJ

600 Ryerson Road and 6 Frassetto Way in Lincoln Park — Courtesy: JLL By Joshua Burd The Frassetto Cos. has refinanced more than 143,000 square feet of industrial space in Lincoln Park, in a newly announced transaction by JLL. According to a news release, an undisclosed lender provided the debt in connection with the fully leased, two-building portfolio just north of Route 202. The properties include 600 Ryerson Road — a 105,242-square-foot multi…