facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Lease

/

110 Van Keuren Avenue Jerse...

DB Schenker Leases 80,000 SF Industrial Space At HRP Hudson Logistics Park In Jersey City
LEASEDIndustrial

DB Schenker Leases 80,000 SF Industrial Space At HRP Hudson Logistics Park In Jersey City

110 Van Keuren Avenue Jersey City, New Jersey 07306, USA

Building Size

80,000 SF

Asset Type

Industrial

Closing

Jun 23, 2023

AI

Hilco Redevelopment Partners has facilitated an 80,000-square-foot lease at HRP Hudson Logistics Park in Jersey City. The industrial property, located at 110 Van Keuren Avenue, is situated in a strategic location that aligns with DB Schenker's logistics needs. The park's sustainable features also complement DB Schenker's commitment to green supply chains and environmental sustainability.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Square Footage: 80,000
  • Address: 110 Van Keuren Avenue
  • Market: Jersey City

The lease was signed between the landlord, Hilco Redevelopment Partners, represented by Andrew Chused, and the tenant, DB Schenker, represented by Andrew Botthof. JLL's David Knee, Chris Hile, and Ryan Milanik served as the landlord's representatives, while CBRE's Kevin Dudley and Nicholas Klacik acted as the tenant's representatives in the deal.

Players

Kevin Dudley

CBRE

Broker

$174.8M

vol

22 deals

Broker
HP
Hilco Redevelopment PartnersLandlord

New Jersey Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93