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Packaging Distribution Resources Leases 80,000 Square Feet At 1 Truman Drive In Edison

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LEASED

New Jersey

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Industrial80,000 SF
Leased 07/09/2024
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LEASED

Packaging Distribution Resources Leases 80,000 Square Feet At 1 Truman Drive In Edison

1 Truman Drive South

See Similar Deals
Industrial80,000 SF
Leased 07/09/2024
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:80,000 SF
Transaction Type:Lease

The property involved in this transaction is an industrial asset located at 1 Truman Drive in Edison, covering a total area of 80,000 square feet. The facility is part of a larger industrial complex that has a total square footage of 369,313 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1 Truman Drive
  • Market: Edison
  • Landlord: RXO Inc.
  • Tenant: Packaging Distribution Resources
  • Landlord's Representative: R.E. Perry
  • Tenant's Representatives: David Blitt & David Paster - Bussel Realty

The deal was facilitated by Bussel Realty Corp., with David Paster and David Blitt representing the interests of Packaging Distribution Resources. The location of the property offers strategic advantages due to its proximity to major highways, as well as features that include rail access and ample parking available for tenants.

Players

David Blitt
4 deals(732) 261-8071
BROKER

Details

LEASED
IMAGE: 07/09/2024 ADDRESS: 1 Truman Drive MARKET: Edison ASSET TYPE: Industrial ~ SF: 80,000 LANDLORD: RXO Inc. TENANT: Packaging Distribution Resources LANDLORD'S REP: R.E. Perry TENANT'S REP: David Blitt & David Paster - Bussel Realty NOTE: Bussel Realty Corp. facilitated the sublease of 80,000 square feet at 1 Truman Drive in Edison, a large industrial facility totaling 369,313 square feet. Representing Packaging Distribution Resources, BRC's David Paster and David Blitt helped secure the space, highlighting its strategic location near major highways and extensive amenities including rail access and ample parking.

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Deal Type
Effective Rent (Annual)

$4,585,551.72

Total Lease Value

$45,855,517.25

Net Landlord Cash Flow$4,585,551.72