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JLL secures financing for Ridgecut Road industrial storage site in Union

Source: ROI-NJ · Jul 29, 2026, 6:34 AM

AI-assisted briefing from the publisher’s public headline and excerpt — not original reporting. How we write briefings

JLL secures financing for Ridgecut Road industrial storage site in Union news image

JLL Capital Markets has secured acquisition financing for a five-acre industrial outdoor storage facility at 1200 Springfield Road in Union, New Jersey.

The property includes an 18,500-square-foot maintenance facility and is being acquired by Ridgecut Road. According to JLL's announcement on July 28, the financing was arranged through a regional bank on behalf of the borrower.

The deal structure includes a short-term sale-leaseback component designed to provide the new owner with operational flexibility.

This transaction reflects ongoing investment in Union's industrial real estate market and demonstrates continued demand for warehouse and storage properties in the region.

Key points

  • JLL Capital Markets secured acquisition financing for a five-acre industrial storage site at 1200 Springfield Road in Union
  • The property features an 18,500-square-foot maintenance facility and is being purchased by Ridgecut Road
  • Financing was arranged through a regional bank with a short-term sale-leaseback structure included in the deal
  • The transaction highlights continued investment in Union's industrial and warehouse real estate sector

FAQ

What is the Ridgecut Road property in Union?
The property is a five-acre industrial outdoor storage facility located at 1200 Springfield Road in Union, New Jersey. It includes an 18,500-square-foot maintenance facility and is designed for industrial storage operations.
Who arranged the financing for this deal?
JLL Capital Markets arranged the acquisition financing on behalf of Ridgecut Road, the borrower and new owner of the property. The financing was secured through a regional bank.
What financing structure was used?
The deal included acquisition financing arranged by JLL Capital Markets along with a short-term sale-leaseback component designed to provide operational flexibility for the new owner.

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