{"id":10943,"date":"2026-02-17T16:04:34","date_gmt":"2026-02-17T16:04:34","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=10943"},"modified":"2026-02-24T07:50:10","modified_gmt":"2026-02-24T07:50:10","slug":"mixed-use-project-gets-major-financing-for-self-storage-facility-and-luxury-apartments-in-north-haledon-new-jersey","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/mixed-use-project-gets-major-financing-for-self-storage-facility-and-luxury-apartments-in-north-haledon-new-jersey\/","title":{"rendered":"Mixed-Use Project Gets Major Financing for Self-Storage Facility and Luxury Apartments in North Haledon, New Jersey"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<figure id=\"attachment_10944\" aria-describedby=\"caption-attachment-10944\" style=\"width: 668px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-10944\" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2026\/02\/Haledon-Storage.png\" alt=\"\" width=\"668\" height=\"340\" \/><figcaption id=\"caption-attachment-10944\" class=\"wp-caption-text\">JLL Capital Markets led the financing efforts for High Mountain Promenade, a mixed-use project consisting of a large self-storage facility, 4,400 square feet of retail space, and 90 luxury apartments in North Haledon.JLL<\/figcaption><\/figure><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">A construction loan has been arranged for High Mountain Promenade, a multi-phase mixed-use development being built in North Haledon.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The loan from First Bank will primarily fund the first phase of the development, a three-story, 74,715-square-foot self-storage facility, according to a Jan. 29 statement by JLL Capital Markets.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">JLL secured the financing for the project, which will be developed by a joint venture between Tulfra Real Estate and Hampshire Real Estate Companies.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The project is located at 987 Belmont Ave.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">A portion of the financing will support future development phases that include 90 luxury apartments and 4,400 square feet of retail space with a drive-thru.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The self-storage facility will offer 55,394 rentable square feet of climate-controlled units and feature two floors with loading capabilities.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Public Storage will manage and lease the facility, which will be the only self-storage option serving North Haledon.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">JLL\u2019s Capital Markets Debt Advisory team, representing the borrower, was led by Senior Managing Directors Michael Klein and Jon Mikula, along with Director Ryan Carroll and Analyst Michael Donohoe.<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/www.nj.com\/passaic-county\/2026\/02\/nj-mixed-use-project-gets-major-financing-for-90-luxury-apartments-self-storage-facility.html\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source<\/span><\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A construction loan has been arranged for High Mountain Promenade, a multi-phase mixed-use development being built in North Haledon. The loan from First Bank will primarily fund the first phase of the development, a three-story, 74,715-square-foot self-storage facility, according to a Jan. 29 statement by JLL Capital Markets. JLL secured the financing for the project, which will be developed by a joint venture between Tulfra Real Estate and Hampshire Real Estate Companies. The project is located at 987 Belmont Ave. A portion of the financing will support future development phases&hellip;<\/p>\n","protected":false},"author":13,"featured_media":10944,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,6,56],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/10943"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=10943"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/10943\/revisions"}],"predecessor-version":[{"id":10945,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/10943\/revisions\/10945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/10944"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=10943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=10943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=10943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}