Denholtz Properties Signs 21,017 SF Lease With DIGI America Inc At 1488 Route 22
1488 United States Highway 22
Building Size
21,017 SF
Asset Type
Industrial
Closing
Apr 21, 2026
AI
The asset involved in this transaction is a newly redeveloped class-A industrial property located at 1488 Route 22 in Bridgewater, totaling 21,017 square feet. This property is part of a larger redevelopment project by Denholtz Properties, which encompasses a total of 73,429 square feet in this location.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1488 Route 22
- Market: Bridgewater
- Landlord: Steven Denholtz - Denholtz Properties
- Tenant: DIGI America Inc
- Landlord's Representative: Jordan Zimmel - Zimmel Associates
- Tenant's Representative: Linda Hill - Colliers
This lease marks the first transaction for Denholtz Properties at the newly developed site, indicating a successful start for their industrial redevelopment efforts. The tenant, DIGI America Inc, was represented by Colliers International in this deal.
Players
Bridgewater Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93