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WEST ORANGE, N.J. — JLL has arranged the sale of and acquisition financing for The West, a 70-unit community in West Orange. JLL worked on behalf of the seller, a joint venture between Varma Real Estate and Garas Development, and also represented the buyer, a joint venture between Invel Capital and Pearlmark Real Estate. JLL secured a $27.5 million loan for the buyer through a life insurance company. The asset traded for a total of $40.8 million. Built in 2023, The West features one- to three-bedroom floor plans and amenities such as a fitness center, a yoga studio, two rooftop terraces, a resident clubhouse and outdoor barbecue areas. The community also features 1,785 square feet of ground-floor retail space that is fully occupied.