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Ross Industries Leases 57722 Square Feet To Izzy Trucking & Rigging In Edison NJ

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LEASED

New Jersey

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Industrial57,722 SF
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LEASED

Ross Industries Leases 57722 Square Feet To Izzy Trucking & Rigging In Edison NJ

125 Jackson Ave, Edison, NJ, 08837

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Industrial57,722 SF
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:57,722 SF
Transaction Type:Lease

An industrial lease has been negotiated for a property located at 125 Jackson Ave, Edison, NJ, 08837, encompassing a total area of 57,722 square feet. The building on this site, originally constructed in 1957 and renovated in 1997, is situated in the Edison market, which is a southwestern suburb of New York City.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not specified
  • Square Footage: 57,722
  • Address: 125 Jackson Ave, Edison, NJ, 08837
  • Market: Edison
  • Landlord: Ross Industries
  • Tenant: Izzy Trucking & Rigging
  • Landlord's Representatives: Matthew Leonelli, Jonathan Glick of Sheldon Gross Realty
  • Tenant's Representative: Greg Irving of Bussel Realty Corp.

This transaction involved the leasing of additional warehousing space by Izzy Trucking & Rigging, which is headquartered in Edison. Sheldon Gross Realty played a crucial role in representing the landlord, ensuring the lease negotiations were effectively conducted.

Players

12 deals$11.7M volume
BROKER

Jonathan Glick
8 deals$10M volume
BROKER

Details

LEASED
IMAGE: 125 Jackson Ave, Edison, NJ, 08837 MARKET: Edison LANDLORD'S REP: Matthew Leonelli(), Jonathan Glick() TENANT: Izzy Trucking & Rigging LANDLORD: Ross Industries SQUARE FEET: 57722

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Deal Type
Effective Rent (Annual)

$3,308,590.21

Total Lease Value

$33,085,902.08

Net Landlord Cash Flow$3,308,590.21