BELLEVILLE, NJ—JLL's Capital Markets groupsecured $31.5 million to refinance Storage Rentals of America –Belleville, a five-building property consisting of approximately400,000 gross square feet in Belleville, NJ.
Griffin Guthneck, senior vice president andanalyst Wes Wallace led the JLLteam on the financing on behalf of SROA Capital, areal estate fund affiliate of Storage Rentals ofAmerica. A life insurance company provided a 7-yearfixed-rate non-recourse loan. JLL did not identifythe insurance company.
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