First Priority Group Leases 75,000 Square Foot Industrial Space In Lakewood From Sudler Companies

The property asset involved in this transaction is an industrial facility located at 1719 Oak Street in Lakewood, New Jersey. The asset spans 75,000 square feet and is part of a market experiencing significant demand for production and operational expansion.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: N/A
• Address: 1719 Oak Street
• Market: Lakewood
• Landlord: Sudler Companies
• Tenant: Alex Cherepakhov - First Priority Group
• Brokers: JC Giordano, Tim Cadigan, Matt C. Turse & Stephen Gianis - Avison Young

This lease transaction marks a significant operational expansion for First Priority Group, nearly doubling its footprint to support increased production capacity. The broker team from Avison Young represented the tenant in the lease agreement with Sudler Companies, reflecting the rising demand for emergency vehicles in the market.