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McCollister Transportation Leases 120,113 SF Industrial Property In Westampton, NJ

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LEASED

New Jersey

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McCollister Transportation Leases 120,113 SF Industrial Property In Westampton, NJ

1200 Highland Dr, Westampton, NJ, 0...

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Industrial120,113 SF
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:120,113 SF
Transaction Type:Lease

The industrial property at 1200 Highland Drive in Westampton, NJ, has been leased to McCollister Transportation Group. The specialty transportation and logistics firm will occupy a total of 120,113 square feet in the Highlands market. The building, owned by Bailard, is part of a master-planned development and offers a strategic location directly off Interstate 295, just five miles from Exit 5 of the New Jersey Turnpike.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Tenant's Rep: Scott Mertz(NAI Capital)
  • Landlord's Rep: Not specified
  • Tenant: McCollister Transportation Group
  • Landlord: Bailard
  • Square Feet: 120,113

The lease transaction was facilitated by David M. Ricci and Tony Rod of Flynn Co., who represented the ownership of the property. On the tenant side, Scott Mertz of NAI Mertz acted as the representative for McCollister Transportation Group. The location of the building offers excellent accessibility to major highways, enhancing the logistical operations of the tenant.

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5 deals$27.7M volume
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Details

LEASED
IMAGE: 1200 Highland Dr, Westampton, NJ, 0... MARKET: Highlands ASSET TYPE: Industrial TENANT'S REP: Scott Mertz(NAI Capital) LANDLORD'S REP: Tony Rodriguez-Tellaheche() TENANT: McCollister Transportation Group LANDLORD: Bailard SQUARE FEET: 120113

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Deal Type
Effective Rent (Annual)

$6,884,804.68

Total Lease Value

$68,848,046.79

Net Landlord Cash Flow$6,884,804.68