Unnamed Freight Forwarding Company Expands With 88,620 Square Foot Lease At 117 Sunfield Avenue In Edison
117 Sunfield Avenue
Building Size
88,620 SF
Asset Type
Industrial
Closing
Oct 17, 2025
AI
An unnamed freight forwarding and logistics company signed an 88,620-square-foot industrial lease at 117 Sunfield Avenue in Edison’s Raritan Center. The asset is categorized as industrial, located in a strategic market conducive for logistics operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 88,620
- Address: 117 Sunfield Avenue
- Market: Edison
- Landlord's Representative: Vincent Visceglia - Summit Associates Inc
- Tenant's Representatives: Monica Franco, Ana Carolina DeAraujo & Claudia Ganas - Lee & Associates - WBE New Jersey
This lease represents an expansion of the tenant's regional operations. The landlord was represented by Vincent Visceglia from Summit Associates, while the tenant was represented by Claudia Ganas, Monica Franco, and Ana Carolina DeAraujo from Lee & Associates – WBE New Jersey.
Players
Edison Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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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