Shadowbrook Capital has secured construction financing for Extra Space Hillsborough, a 709-unit, 105,663-square-foot self-storage development to be built in Hillsborough, Somerset County, N.J.
The development encompasses 8.64 acres at 35 Bedle St., with direct access and frontage on U.S. Route 206 in Hillsborough.
Upon its anticipated completion in 2027, the single-story, temperature-controlled facility will offer 76,119 rentable square feet and 709 units. Extra Space Storage will handle the lease-up and day-to-day operations of the property.
JLL worked on behalf of the borrower to secure the five-year construction and bridge loan through Provident Bank.
