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Unette Corp Signs Long-Term Lease Renewal For 113,550-SF Industrial Space In Randolph

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LEASED

New Jersey

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Industrial113,550 SF
Leased 10/15/2025
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LEASED

Unette Corp Signs Long-Term Lease Renewal For 113,550-SF Industrial Space In Randolph

1578 Sussex Turnpike

See Similar Deals
Industrial113,550 SF
Leased 10/15/2025
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:113,550 SF
Transaction Type:Lease

The transaction involves an industrial asset located at 1578 Sussex Turnpike in Randolph, with a total square footage of 113,550. The property serves as a long-term lease renewal for Unette Corp. at Morris Business Park. The landlord for this transaction is The Silverman Group.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1578 Sussex Turnpike
  • Market: Randolph
  • Landlord: The Silverman Group
  • Tenant: Unette
  • Landlord's Representative: Toby Nelson - The Silverman Group
  • Tenant's Representatives: Kevin Dudley & Marc Trevisan - CBRE

CBRE facilitated the lease renewal on behalf of The Silverman Group, further continuing Unette's operations with its FDA-approved packaging facility reinforced under the new agreement. The representatives from CBRE, Kevin Dudley and Marc Trevisan, played pivotal roles in finalizing this deal for the tenant.

Players

Kevin Dudley
22 deals$174.8M volume
BROKER

Marc Trevisan
CBRE
5 deals$15.3M volume
BROKER


CBRE
BROKERAGE


Details

LEASED
IMAGE: Toby Nelson, Kevin Dudley & Marc Trevisan DATE: 10/15/2025 ADDRESS: 1578 Sussex Turnpike MARKET: Randolph ASSET TYPE: Industrial ~ SF: 113,550 LANDLORD: The Silverman Group (@SilvermanGroup) TENANT: Unette LANDLORD'S REP: Toby Nelson - The Silverman Group TENANT'S REP: Kevin Dudley & Marc Trevisan - CBRE (@CBRE) NOTE: CBRE arranged a 113,550-square-foot long-term lease renewal for Unette Corp. at Morris Business Park in Randolph, N.J., on behalf of The Silverman Group. The CBRE team of Kevin Dudley and Marc Trevisan represented Unette, which will continue operating its FDA-approved packaging facility under the new deal.

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Deal Type
Effective Rent (Annual)

$6,508,617.48

Total Lease Value

$65,086,174.79

Net Landlord Cash Flow$6,508,617.48