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J.G. Petrucci Renews Lease With FedEx For 100,000 SF Industrial Facility In Hamilton
LEASED
New Jersey
See Similar DealsIndustrial100,000 SF
Leased 07/06/2023
LEASED
J.G. Petrucci Renews Lease With FedEx For 100,000 SF Industrial Facility In Hamilton
21 Thomas J Rhodes Industrial Drive Trenton, New Jersey 08619, USA
See Similar DealsIndustrial100,000 SF
Leased 07/06/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:100,000 SF
Transaction Type:Lease
J.G. Petrucci Co. Inc has renewed its lease with Federal Express for a 100,000-square-foot distribution facility in Hamilton. The property, located at 21 Thomas Rhodes Drive, offers modern features and convenient access to major highways. This lease renewal demonstrates J.G. Petrucci Co.'s commitment to maintaining long-term partnerships with its tenants.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Square footage: 100,000
- Address: 21 Thomas Rhodes Drive
- Market: Hamilton
The landlord, J.G. Petrucci Co. Inc, represented by Peter Polt, facilitated the lease renewal with tenant Federal Express. This deal highlights the successful collaboration between the landlord and tenant in meeting their respective business needs.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$5,731,939.66
Total Lease Value
$57,319,396.56
Net Landlord Cash Flow$5,731,939.66
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