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JLL arranges $68.5 million sale of New Jersey industrial outdoor storage portfolio

By Public Technologies
  • JLL arranged the $68.5 million sale of a two-property industrial outdoor storage portfolio in Kearny and Newark, New Jersey.
  • Outpost secured a $52.2 million acquisition bridge loan from Forbright Bank through JLL.
  • The 14.97-acre portfolio sits near Port Newark-Elizabeth Marine Terminal and Newark Liberty International Airport.
  • A new Fortune 100 tenant lease executed with the acquisition fully stabilizes the Newark property, providing immediate income.
  • Kearny offers immediate lease-up potential; Outpost plans site improvements at both properties.


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