JLL arranged construction financing through Provident Bank for a 709-unit self-storage facility at 35 Bedle St. in Hillsborough, New Jersey. The project, developed by Shadowbrook Capital, will encompass 76,119 net rentable square feet of climate-controlled space on an 8.6-acre site, with delivery expected in 2027.
Extra Space Storage will manage operations upon completion. The transaction adds to a pattern of institutional capital targeting Northern New Jersey, a market where regulatory barriers and limited land continue to constrain new self-storage supply.
Source: RE Business Online
