The Donato Group secures $22.8M financing for New Jersey multi-tenant light industrial property

MORRISTOWN, N.J., Jun. 3, 2025 – JLL Capital Markets announced today that it has arranged $22.8 million in financing for 1800 Route 34, a four building 189,836-square-foot, multi-tenant light industrial property in Wall, New Jersey.

JLL worked on behalf of the borrower, The Donato Group, to secure the 10 year, fixed-rate loan through Grant Street Funding.

Built between 2001-2006, the property consists of four buildings situated on 11.06 acres. The versatile industrial/flex campus features 16-foot clear heights, five dock-high doors, two drive-in doors and ample parking with 1,140 spaces. The property is fully leased to a diverse roster of tenants across industries including engineering, construction, healthcare and manufacturing, among others.

Located in Wall, Monmouth County, New Jersey, the property benefits from its strategic position between New York City and Philadelphia, providing tenants with access to the East Coast’s largest population centers. The asset also offers excellent connectivity to major thoroughfares including the Garden State Pkwy, I-195, Rte-34, Rte-18 and Rte-33.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Michael Klein, Senior Director Max Custer, Director Ryan Carroll and Analyst Christian Badalamenti.

“1800 Route 34 presented a tremendous opportunity to lend to a best-in-class sponsor on a fully leased light industrial property in one of the strongest industrial locations in Monmouth County,” said Klein. “The property's diverse tenant mix, strategic location and The Donato Group's long-term ownership have positioned it well to benefit from the robust demand we are seeing in this submarket,” added Custer.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Headquartered in Eatontown, Monmouth County, New Jersey, The Donato Group has established itself as a prominent developer and operator of commercial real estate in the region. Established in the 1950’s, by John Donato Jr., the company has grown into one of the leading commercial real estate companies in New Jersey. Over the years, the company has developed a strong expertise in the management and development of flex, industrial, office, and high-tech properties throughout the county. Its impressive portfolio, which initially grew from farmland developments in the 1970s, currently spans approximately 1,100,000 SF in the region. This deep understanding of the market has also allowed The Donato Group to excel in property management and leasing by understanding the demands of existing and prospective tenants. As a second-generation, family-owned business, and now under the leadership of Corbett Donato, The Donato Group has become the most prominent operator in Monmouth County.

Grant Street Funding is a full-service, national commercial real estate lender and investment manager with in-house origination, capital markets and asset management capabilities.