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RCF USA Signs 30,000-Square-Foot Industrial Lease In Piscataway

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LEASED

New Jersey

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Industrial30,000 SF
Leased 05/04/2023
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LEASED

RCF USA Signs 30,000-Square-Foot Industrial Lease In Piscataway

101 Circle Drive North, Piscataway, New Jersey 08854, United States

See Similar Deals
Industrial30,000 SF
Leased 05/04/2023
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:30,000 SF
Transaction Type:Lease

Electronics manufacturer RCF USA has signed a 30,000-square-foot, full-building industrial lease at 101 Circle Drive North in Piscataway, New Jersey. The warehouse building, part of Rutgers Industrial Center and managed by Levin Management Corporation (LMC), is nearing completion. This new facility will provide RCF USA with its own space and room for expansion, along with convenient highway access. The company is relocating from Edison as part of its expansion plans and expects to move into the new building this summer.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 101 Circle Drive North, Piscataway, New Jersey
  • Market: Piscataway
  • Size: 30,000 square feet
  • Landlord: Levin Management Corporation - Paul Tavaglione
  • Tenant: RCF USA - Justin Brock
  • Landlord's Representative: Chuck Fern - Cushman & Wakefield
  • Tenant's Representative: Jason Barton - Cushman & Wakefield

The lease agreement allows RCF USA to secure its own facility and expand its operations. It also highlights the strong partnership between RCF USA and Levin Management Corporation in selecting a suitable location for the company's needs. Chuck Fern and Jason Barton, both from Cushman & Wakefield, represented the landlord and the tenant respectively in this transaction.

Players

Charles (Chuck) Fern
18 deals$117.5M volume(908) 413-3430
BROKER

Jason Barton
Cushman & Wakefield
11 deals$8.5M volume
BROKER

Details

LEASED
IMAGE: Chuck Fern & Jason Barton DATE: 05/04/2023 ADDRESS: 101 Circle Drive North MARKET: Piscataway ASSET TYPE: Industrial ~ SF: 30,000 LANDLORD: Levin Management Corporation - Paul Tavaglione TENANT: RCF USA - Justin Brock LANDLORD'S REP: Chuck Fern - Cushman & Wakefield TENANT'S REP: Jason Barton - Cushman & Wakefield NOTE: Electronics manufacturer RCF USA has signed a 30,000-square-foot, full-building industrial lease at 101 Circle Drive North, part of Rutgers Industrial Center in Piscataway, New Jersey. The new warehouse building, managed by Levin Management Corporation (LMC) and nearing completion, will provide RCF USA with its own facility, room for expansion, and superior highway access as the company relocates from Edison in an expansion move, with an anticipated move-in this summer.

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Deal Type
Effective Rent (Annual)

$1,719,581.90

Total Lease Value

$17,195,818.97

Net Landlord Cash Flow$1,719,581.90