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Mayrock Group Leases Industrial Property At Crossroads Commerce Center In North Brunswick

Property Image
LEASED
Christine Eberle
David Gheriani
+ 3

New Jersey

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Industrial191,481 SF
Leased 04/30/2024
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Property Image
LEASED

Mayrock Group Leases Industrial Property At Crossroads Commerce Center In North Brunswick

1980 Brunswick Pike

See Similar Deals
Industrial191,481 SF
Leased 04/30/2024
Christine Eberle
David Gheriani
+ 3
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:191,481 SF
Transaction Type:Lease

The industrial property located at 1980 US Route 1 in North Brunswick spans a total of 191,481 square feet. The site, part of Crossroads Commerce Center, was leased to Mayrock Group, an automotive manufacturer and 3PL provider. It offers built-to-suit office space, a 40-foot clear height, 29 tailboard doors, two drive-in doors, and 31 trailer parking spots.

Summary of transaction details:

Cushman & Wakefield's team played a crucial role in managing the transaction. The team, representing the landlord, Principal Asset Management, included Mindy Lissner, Bill Waxman, Christine Eberle, David Gheriani, Jeff Volpi, and Morgan Nitti. Lissner highlighted the strategic location of Crossroads Commerce Center, underscoring its position as a prime logistics hub in New Jersey's distribution corridor.

Players

Mindy Lissner
14 deals$111.2M volume
BROKER

Bill Waxman
Cushman & Wakefield
11 deals$139.9M volume
BROKER

Jeff Volpi
Cushman & Wakefield
7 deals$65.9M volume
BROKER

David Gheriani
Cushman & Wakefield
6 deals$82.5M volume
BROKER

Christine Eberle
Cushman & Wakefield
4 deals$60M volume
BROKER

Morgan Nitti
Cushman & Wakefield
7 deals$60M volume
BROKER

Details

LEASED
IMAGE: 04/30/2024 ADDRESS: 1980 US Route 1 MARKET: North Brunswick ASSET TYPE: Industrial ~ SF: 191,481 LANDLORD: Kamal Bhatia - Principal Asset Management BROKERS: Bill Waxman, Christine Eberle, David Gheriani, Jeff Volpi, Mindy Lissner & Morgan Nitti - Cushman & Wakefield NOTE: Cushman & Wakefield has facilitated a full-building lease at Crossroads Commerce Center in North Brunswick, totaling 191,481 square feet, to Mayrock Group, an automotive manufacturer and 3PL provider set to occupy the entire property. The transaction was managed by Cushman & Wakefield's team representing the landlord, Principal Asset ManagementSM, including Mindy Lissner, Bill Waxman, Christine Eberle, David Gheriani, Jeff Volpi, and Morgan Nitti. Lissner emphasized that Crossroads Commerce Center, situated on 17 acres along U.S. Route 1, is a prime logistics hub in New Jersey's distribution corridor, offering built-to-suit office space, a 40-foot clear height, 29 tailboard doors, two drive-in doors, and 31 trailer parking spots.

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Deal Type
Effective Rent (Annual)

$10,975,575.37

Total Lease Value

$109,755,753.72

Net Landlord Cash Flow$10,975,575.37