US Pack Leases 66,948 SF Industrial Space To King Freight Logistics In Secaucus New Jersey

The property involved in this transaction is located at 131 Seaview Drive in Secaucus, consisting of an industrial asset type. The lease was initiated for a period of 53 months, with an asking rent of $15 per square foot for a total area of 66,948 square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15/ft
• Address: 131 Seaview Drive
• Market: Secaucus
• Landlord: US Pack
• Tenant: King Freight Logistics
• Lease Type: Single Net Lease
• Landlord's Representative: Eduardo Lopez, Troy Wisse & Michael Schaible - Lee & Associates

The Schaible Wisse Team at Lee & Associates WBE represented US Pack in successfully completing this sublease transaction. Their approach in the Northern New Jersey industrial market, backed by over 50 years of combined experience, focuses on building relationships and understanding warehouse operations to align the interests of all involved parties efficiently. Their presence in the market aids in spotting opportunities and managing relationships effectively.