JLL Capital Markets said Jan. 11 it arranged $15.3 million in acquisition financing on behalf of the borrower.

The New York-based buyer, who was represented by Grid Real Estate, first entered the city with its purchase of BeLa in 2020.

The former NJBIZ 40 Under 40 honoree comes to the firm from Gebroe-Hammer Associates.

“Although the office sector has suffered during the pandemic, this sale demonstrates that well-positioned and well-located properties are still highly sought-after,” said Charles Berger, part of CBRE's Investment Properties team that worked the deal.

JLL Capital Markets secured $35.9 million for this Ironstate Development property that offers views of the Hudson River.

The new community from Woodmont Properties will add 120 units among the rolling hills of Independence Township, less than 2 miles from Hackettstown.

JLL Capital Markets arranged and announced the funding for two properties with access to the city's train station that together boast 335 units.

The South Jersey property is situated on more than 2 acres.

Developed with joint venture partner Chelsea Senior Living, the three-story community will be the first of it's kind for the municipality.

CBRE arranged and announced the purchase, which comes after the township's rezoning of its Corporate Business District to allow for industrial uses.

The Brick real estate investment firm added a skilled nursing facility and an assisted living and memory care community, which had been family-owned and operated for 30 years.

Cushman & Wakefield said AIG provided a 10-year, fixed-rate loan for Cobalt Lofts, located in the town's Riverbend District.