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Richelieu America Ltd Renews Long-Term Lease At 132 Beaver Brook Road

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LEASED
Nicholas (Nick) Klacik
Chad Hillyer
Kevin Dudley
+ 1

New Jersey

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Industrial48,650 SF
Leased 05/31/2024
the dealplayerscompscontact
Property Image
LEASED

Richelieu America Ltd Renews Long-Term Lease At 132 Beaver Brook Road

132 Beaver Brook Road

See Similar Deals
Industrial48,650 SF
Leased 05/31/2024
Nicholas (Nick) Klacik
Chad Hillyer
Kevin Dudley
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:48,650 SF
Transaction Type:Lease

The industrial property at 132 Beaver Brook Road in Lincoln Park, Morris County, spanning 48,650 square feet, has been leased to Richelieu America Ltd., a wholesale distributor of specialty hardware and accessories. The property, owned by Northbridge Partners, serves as an ideal facility for Richelieu's distribution needs.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 132 Beaver Brook Road
  • Market: Lincoln Park
  • Landlord: Dean Atkins - Northbridge Partners
  • Tenant: Richard Lord - Richelieu America Ltd

The leasing transaction was facilitated by the CBRE team consisting of Chad Hillyer, Kate Granahan, Nicholas Klacik, and Kevin Dudley, who represented Northbridge Partners. The negotiations underscored the commitment of Richelieu America Ltd. to the region and the suitability of the property for their operational requirements.

Players

Kevin Dudley
CBRE
Kevin Dudley
22 deals$174.8M volume
BROKER
Nicholas (Nick) Klacik
CBRE
Nicholas Klacik
15 deals$96.3M volume
BROKER
Chad Hillyer
CBRE
Chad Hillyer
15 deals$96.3M volume
BROKER
Kate Granahan
CBRE
Kate Granahan
15 deals$117M volume(484) 695-7214
BROKER

Details

LEASED
IMAGE: 05/31/2024 ADDRESS: 132 Beaver Brook Road MARKET: Lincoln Park ASSET TYPE: Industrial ~ SF: 48,650 LANDLORD: Dean Atkins - Northbridge Partners TENANT: Richard Lord - Richelieu America Ltd BROKERS: Chad Hillyer, Kate Granahan, Nicholas Klacik & Kevin Dudley - CBRE NOTE: Richelieu America Ltd., a wholesale distributor of specialty hardware and accessories, has renewed its long-term lease for the entire 48,650 square feet facility at 132 Beaver Brook Road in Lincoln Park, Morris County, owned by Northbridge Partners, demonstrating both the company's commitment to the region and the property's suitability for their distribution needs. The leasing campaign was facilitated by the CBRE team led by Kevin Dudley, Chad Hillyer, Nicholas Klacik, and Kate Granahan, representing Northbridge Partners in the negotiations and highlighting the strength of the submarket.

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Deal Type
Effective Rent (Annual)

$2,788,588.64

Total Lease Value

$27,885,886.43

Net Landlord Cash Flow$2,788,588.64