$75M financing secured for 398-unit multifamily building in Harrison, New Jersey

• JLL Capital Markets secured $75M in financing for Vermella Harrison, a 398-unit apartment building in Harrison, New Jersey
• A correspondent life insurance company provided the five-year loan to Russo at Harrison Urban Renewal, LLC
• Vermella Harrison is positioned in a redeveloped area of Hudson County, New Jersey, with direct PATH connectivity to NYC

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com. 

Founded in 1969, Russo Development is one of New Jersey’s leading multifamily, industrial and data center developers. The company has developed over 6,400 luxury apartments, more than 10 million square feet of premier commercial space and 60 industrial/data center projects.