$14.7 million dollar investment in North Bergen

Publicly traded real estate investment trust company, Jernigan Capital (JCAP), announced their $14.7 million investment in a North Bergen based climate-controlled, self-storage project.

The 5203 Kennedy Blvd location will be home to a seven-story, 83, 537 square-foot building. The facility will also offer 68,000 square feet of rentable space.

Construction will begin within 30 days with developer Mequity LLC.