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Moda Foods Leases Industrial Space In Fairfield To Full Occupancy By Elliot Ferris

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LEASED
Morgan Nitti
Brian Wilson
David Gheriani
+ 3

New Jersey

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Industrial22,523 SF
Leased 02/22/2024
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LEASED

Moda Foods Leases Industrial Space In Fairfield To Full Occupancy By Elliot Ferris

123 Lehigh Drive

See Similar Deals
Industrial22,523 SF
Leased 02/22/2024
Morgan Nitti
Brian Wilson
David Gheriani
+ 3
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:22,523 SF
Transaction Type:Lease

Industrial property located at 123 Lehigh Drive in Fairfield spanning 22,523 square feet was leased to Moda Foods. The strategic location of the property was a key factor in facilitating the deal.

Summary of transaction details:

Moda Foods, a company renowned for desserts like macaroons and Turkish delights, selected the leased space at 123 Lehigh Drive in Fairfield to enhance its distribution networks across 25 states. The deal brought the building to full occupancy, showcasing the attractiveness of northern New Jersey's industrial market.

Players

Mindy Lissner
Cushman & Wakefield
Mindy Lissner
14 deals$111.2M volume
BROKER
Bill Waxman
Cushman & Wakefield
Bill Waxman
11 deals$139.9M volume
BROKER
Jeff Volpi
Cushman & Wakefield
Jeff Volpi
7 deals$65.9M volume
BROKER
David Gheriani
Cushman & Wakefield
David Gheriani
6 deals$82.5M volume
BROKER
Brian Wilson
Resource Realty
Brian Wilson
9 deals$9.3M volume(973) 299-0900
BROKER
Morgan Nitti
Cushman & Wakefield
Morgan Nitti
7 deals$60M volume
BROKER

Details

LEASED
IMAGE: Elliot Ferris, Bill Waxman, David Gheriani, Jeff Volpi, Mindy Lissner, Morgan Nitti & Brian Wilson DATE: 02/22/2024 ADDRESS: 123 Lehigh Drive MARKET: Fairfield ASSET TYPE: Industrial ~ SF: 22,523 LANDLORD: Elliot Ferris - STRO Cos TENANT: Rubil Vural - Moda Foods (@ModaFoods.US) LANDLORD'S REP: Bill Waxman, David Gheriani, Jeff Volpi, Mindy Lissner (@MindyLissner) & Morgan Nitti (@Morgan_Nitti_Industrial) - Cushman & Wakefield (@CushWake) TENANT'S REP: Brian Wilson - Resource Realty NOTE: Moda Foods, known for desserts like macaroons and Turkish delights, leased a 22,523-square-foot space at 123 Lehigh Drive in Fairfield, bringing the building to full occupancy. Cushman & Wakefield facilitated the deal, highlighting the property's strategic location and features for Moda Foods' distribution to 25 states, underscoring the robustness of northern New Jersey's industrial market.

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Deal Type
Effective Rent (Annual)

$1,291,004.77

Total Lease Value

$12,910,047.69

Net Landlord Cash Flow$1,291,004.77