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TA Realty Leases 486812 Square Feet To LC Logistics Services Inc. In Burlington NJ

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LEASED

New Jersey

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Industrial486,812 SF
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LEASED

TA Realty Leases 486812 Square Feet To LC Logistics Services Inc. In Burlington NJ

1950 River Rd, Burlington, NJ, 08016

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Industrial486,812 SF
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:486,812 SF
Transaction Type:Lease

The property involved in this lease transaction is located at 1950 River Rd, Burlington, NJ, 08016. It spans 486,812 square feet and is situated on a 43-acre site. Notable features of the property include a clear height of 36 feet, 86 external loading docks, and parking accommodations for 264 vehicles and 103 trailers.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not specified
  • Address: 1950 River Rd, Burlington, NJ, 08016
  • Market: Burlington
  • Landlord: TA Realty
  • Landlord's Representative: Andrew Landolfi & Brian Knowles - Lee & Associates
  • Tenant: LC Logistics Services Inc.
  • Tenant's Representative: Scott Mertz of NAI Mertz
  • Square Feet: 486,812

The lease negotiations were conducted by representatives from Lee & Associates, including Tony Rod, Brian Knowles, Patrick Lafferty II, and Andrew Landolfi, who represented the landlord, TA Realty. Scott Mertz from NAI Mertz represented the tenant, LC Logistics Services Inc., in this transaction.

Players

Scott Mertz
15 deals$44.9M volume
BROKER


Andrew Landolfi
Lee & Associates
2 deals$8.2M volume(610) 947-0420
BROKER

Ripco
BROKERAGE

TA Realty
LANDLORD

Details

LEASED
IMAGE: 1950 River Rd, Burlington, NJ, 08016 MARKET: Burlington LANDLORD'S REP: Andrew Landolfi & Brian Knowles - Lee & Associates TENANT: LC Logistics Services Inc. TENANT'S REPRESENTATIVE: Scott Mertz of NAI Mertz LANDLORD: TA Realty SQUARE FEET: 486812

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Deal Type
Effective Rent (Annual)

$27,903,770.08

Total Lease Value

$279,037,700.77

Net Landlord Cash Flow$27,903,770.08