JLL Secures $54M Financing for 528K-SF Logistics Park in Burlington County

Reuters01-29

JLL Secures $54M Financing for 528K-SF Logistics Park in Burlington County

Jones Lang LaSalle Inc. $(JLL)$ has facilitated a joint venture partnership and secured $54 million in construction financing for Turnpike 5 Logistics Park, a speculative industrial development in Burlington County, New Jersey. The 528,478-square-foot project, located at Exit 5 of the New Jersey Turnpike, consists of two warehouse distribution buildings—310,000 square feet in Burlington Township and 218,478 square feet in Westampton. The joint venture partners are NFI Real Estate and Penwood Real Estate Investment Management LLC, with construction financing provided by Fifth Third Bancorp. The development is scheduled for completion by late spring 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on January 29, 2026, and is solely responsible for the information contained therein.

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