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Remarkable Foods Kitchens Leases Industrial Asset In Fairfield, NJ With Longpoint Realty Partners

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LEASED

New Jersey

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Industrial39,800 SF
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LEASED

Remarkable Foods Kitchens Leases Industrial Asset In Fairfield, NJ With Longpoint Realty Partners

149 New Dutch Ln, Fairfield, NJ, 07004

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Industrial39,800 SF
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:39,800 SF
Transaction Type:Lease

The industrial property at 149 New Dutch Ln in Fairfield, NJ, 07004, spans 39,800 square feet, including 30,500 square feet of refrigerated warehouse space. The asset, now leased by Remarkable Foods Kitchens LLC, is situated at the corner of Fairfield Avenue and New Dutch Lane, with convenient access to routes 46 and 23, as well as Interstate 80.

Summary of transaction details:

Avison Young's principals Matthew Turse and Timothy Cadigan, along with Senior Vice President Marc Krieger, acted as representatives for Longpoint Realty Partners in securing Remarkable Foods Kitchens LLC as the tenant for the industrial property. JLL represented the tenant in the transaction. Jeff Heller, a principal at Avison Young, expressed satisfaction with finding a tenant that aligns with Longpoint's business goals. Dan Frank, the managing director of Longpoint Realty, highlighted the strategic location of the property and praised Avison Young's market expertise in facilitating the lease agreement.

Players

Marc Krieger
2 deals
BROKER

Matthew C. Turse
Avison Young
11 deals$27.1M volume
BROKER

Timothy Cadigan
Avison Young
11 deals$27.1M volume
BROKER

Longpoint Realty Partners
LANDLORD

Details

LEASED
IMAGE: 149 New Dutch Ln, Fairfield, NJ, 07004 MARKET: Fairfield ASSET TYPE: Industrial LANDLORD'S REP: Marc Krieger(Avison Young), Matthew C. Turse(Avison Young), Timothy Cadigan(Avison Young) TENANT: Remarkable Foods Kitchens LANDLORD: Longpoint Realty Partners SQUARE FEET: 39800

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Deal Type
Effective Rent (Annual)

$2,281,311.98

Total Lease Value

$22,813,119.83

Net Landlord Cash Flow$2,281,311.98