JLL Capital Markets has announced that it has arranged $75 million in financing for Vermella Harrison, a 398-unit multifamily building in Harrison, N.J.
Working on behalf of the borrower, Russo at Harrison Urban Renewal LLC, JLL placed the five-year loan with a correspondent life insurance company.
Completed in 2015, Vermella Harrison is a six-story apartment building offering studio, one- and two-bedroom units. Unit features include stainless steel appliances, hardwood floors, in-unit washer/dryers, walk-in closets and private balconies in select units. Residents have access to a full amenity package, including a fitness center and yoga studio, bocce court, dog run, rooftop terrace, swimming pool and clubhouse. The property is approximately 97 percent occupied and also includes five ground-floor retail spaces totaling 15,011 square feet.
Vermella Harrison is located at 1100 Frank E. Rodgers Blvd. South, just steps from Harrison Station, which provides direct PA
