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1488 United States Highway 22

Denholtz Properties Signs 21,017 SF Lease With DIGI America Inc At 1488 Route 22
LEASEDIndustrial

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

Jordan Zimmel

Zimmel Associates

Broker

$6.6M

vol

3 deals

Broker
Steven Denholtz

Steven Denholtz

Denholtz Properties

Landlord

$227.3M

vol

13 deals

Landlord
DI
DIGI America IncTenant

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