November 2023

2B — November 2023 — New Jersey — M id A tlantic Real Estate Journal

N ew J ersey


JLL arranges joint venture equity for 16 industrial bldgs. Denholtz Properties portfolio recap secures investment

EW JERSEY, PENN- SYLVANIA — JLL Capital Markets an- nounced that it arranged joint venture equity on behalf of Denholtz Properties for the recap of a portfolio of 16 light- industrial buildings in New Jersey and Pennsylvania. The JLL Capital Markets Investment Advisory team was led by managing directors Marc Duval and Jordan Avanzato , directors Nicholas Stefans and Jason Lundy and senior managing director Jose Cruz . The portfolio spans 630,822 N

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Marlton, NJ l Philadelphia, PA

Multi-tenant light industrial building

s/f and is 99% leased to a diversified group of tenants, spanning industries such as logistics, food and beverage, technology and warehousing. The properties offer promi- nent access along major thor- oughfares with barriers to entry for new development in prime markets of Central and Northern New Jersey along with Lehigh Valley, PA. “The Portfolio represented a highly compelling opportu- nity to acquire a dynamic, well-occupied, and cash- flowing light industrial port- folio at an attractive basis,” added Avanzato. Mark Mahasky , direc- tor, capital transactions for Denholtz Properties said, “Our multi-tenant industrial investment strategy has en- sured high occupancy across our portfolio amidst contin- ued economic uncertainty. We thank JLL for their work on this recap to allow us to continue to invest in these properties and create an un- matched experience for our tenants.” MAREJ


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