$22.3M financing secured for IOS properties in South Plainfield

South Plainfield IOS Lands $22M Financing - Connect CRE

JLL Capital Markets arranged $22.3 million in acquisition financing for industrial outdoor storage (IOS) properties located at 115 St. Nicholas Ave. and 115 Skyline Dr. in South Plainfield, Middlesex County, NJ. Senior managing directors Jon Mikula and Jim Cadranell, associate John Cumming and analyst Christian Badalamenti worked on behalf of Oliver Street Capital to secure the acquisition loan through Byline Bank. The site includes three buildi…

JLL: Oliver Street Capital lands $22 million acquisition loan for South Plainfield IOS site – Real Estate NJ

115 St. Nicholas Ave. and 115 Skyline Drive in South Plainfield — Courtesy: JLL By Joshua Burd An investment firm has secured more than $22 million in acquisition financing for a set of industrial outdoor storage properties in South Plainfield, brokers with JLL announced. According to a news release, Byline Bank provided the loan to Oliver Street Capital in connection with the deal at 115 St. Nicholas Avenue and 115 Skyline Drive. The brokers no…

$22.3M financing secured for IOS properties in South Plainfield

JLL Capital Markets arranged $22.3 million in acquisition financing for industrial outdoor storage (IOS) properties located at 115 St. Nicholas Avenue and 115 Skyline Drive in South Plainfield. JLL worked on behalf of the borrower, Oliver Street Capital, to secure the acquisition loan through Byline Bank, led by Senior Vice President, Joanne Campanile. The site consists of three buildings totaling approximately 32,000 square feet, equipped with …