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Global Courier Express Leases 160,277 SF At Kearny Point Industrial Park In Kearny

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LEASED
Chad Hillyer
Kevin Dudley
+ 3

New Jersey

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Industrial160,277 SF
Leased 09/15/2023
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Property Image
LEASED

Global Courier Express Leases 160,277 SF At Kearny Point Industrial Park In Kearny

20 Basin Drive, New Jersey

See Similar Deals
Industrial160,277 SF
Leased 09/15/2023
Chad Hillyer
Kevin Dudley
+ 3
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:160,277 SF
Transaction Type:Lease

Global Courier Express (GCE) has signed two leases totaling 160,277 square feet at Kearny Point Industrial Park in Kearny, New Jersey. GCE will be relocating from Linden, New Jersey, to occupy 96,375 square feet at 205 Campus Drive and 63,902 square feet at 20 Basin Drive. These industrial spaces offer ample room for GCE to expand and enhance its operations in a prime location.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Square Footage: 160,277
  • Address: 20 Basin Drive & 205 Campus Drive
  • Market: Kearny

The landlord, Hugo Neu, has successfully secured GCE as a tenant, showcasing the desirability of the Kearny Point Industrial Park. As GCE's representative, Jimo Liu from Avison Young played a crucial role in negotiating the leases. Chad Hillyer, Kate Granahan, Kevin Dudley, and Nicholas Klacik from CBRE acted as the landlord's representatives, ensuring a smooth transaction for both parties involved. This deal highlights the collaborative efforts of the brokers and the commitment to meeting GCE's specific requirements.

Players

Kevin Dudley
22 deals$174.8M volume
BROKER

Nicholas (Nick) Klacik
CBRE
15 deals$96.3M volume
BROKER

Chad Hillyer
CBRE
15 deals$96.3M volume
BROKER

Kate Granahan
CBRE
15 deals$117M volume(484) 695-7214
BROKER


Details

LEASED
IMAGE: Chad Hillyer, Kate Granahan, Kevin Dudley, Nicholas Klacik & Jimo Liu DATE: 09/15/2023 ADDRESS: 20 Basin Drive & 205 Campus Drive MARKET: Kearny ASSET TYPE: Industrial ~ SF: 160,277 LANDLORD: Hugo Neu TENANT: Global Courier Express - Johann Torres LANDLORD'S REP: Chad Hillyer (@chad_hillyer), Kate Granahan (@kate_granny), Kevin Dudley & Nicholas Klacik - CBRE TENANT'S REP: Jimo Liu - Avison Young NOTE: Global Courier Express (GCE) has signed two leases totaling 160,277 square feet at Kearny Point Industrial Park in Kearny, New Jersey. GCE is relocating from Linden, New Jersey, to occupy 96,375 square feet at 205 Campus Drive and 63,902 square feet at 20 Basin Drive.

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Deal Type
Effective Rent (Annual)

$9,186,980.92

Total Lease Value

$91,869,809.22

Net Landlord Cash Flow$9,186,980.92