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Bluestar Direct LLC Expands Lease At Hillsborough Business Center With Larken Associates

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LEASED

New Jersey

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Industrial13,500 SF
Leased 05/09/2024
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LEASED

Bluestar Direct LLC Expands Lease At Hillsborough Business Center With Larken Associates

2 Jill Court

See Similar Deals
Industrial13,500 SF
Leased 05/09/2024
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:13,500 SF
Transaction Type:Lease

The property involved in the lease transaction is located at 2 Jill Court in Hillsborough, spanning 13,500 square feet. David Gardner from Larken Associates serves as the landlord, while Swaroop Khandagale of Bluestar Direct LLC is the tenant. The lease expansion took place at the Hillsborough Business Center, offering space for roasting, packaging, and office activities.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2 Jill Court
  • Market: Hillsborough
  • Landlord: David Gardner - Larken Associates
  • Tenant: Swaroop Khandagale - Bluestar Direct LLC
  • Broker: Victor Kelly - Raider Realty

Victor Kelly, representing Raider Realty, played a key role in facilitating the lease agreement between Larken Associates and Bluestar Direct LLC. The transaction showcases the business adaptability and attractiveness of the property within the central New Jersey region, catering to the evolving needs of growing enterprises.

Players

Victor Kelly
4 deals
BROKER

Details

LEASED
IMAGE: 05/09/2024 ADDRESS: 2 Jill Court MARKET: Hillsborough ASSET TYPE: Industrial ~ SF: 13,500 LANDLORD: David Gardner - Larken Associates TENANT: Swaroop Khandagale - Bluestar Direct LLC BROKER: Victor Kelly - Raider Realty NOTE: Larken Associates announced a 13,500-square-foot lease expansion with Bluestar Direct LLC at Hillsborough Business Center on Stryker Lane in Hillsborough. Bluestar Direct, a wholesaler of nuts, raisins, seeds, spices, and dried fruits, has been a tenant since 2020 and will now occupy all of Building 21, adding roasting, packaging, and office space to their existing footprint. Victor Kelly of Raider Realty represented Larken Associates in facilitating the transaction, highlighting the property's adaptability and appeal to growing businesses in central New Jersey.

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Deal Type
Effective Rent (Annual)

$773,811.85

Total Lease Value

$7,738,118.54

Net Landlord Cash Flow$773,811.85