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24 North Game Creek Road

Quince Leases 105000 SF Industrial Space At LogistiCenter In Carneys Point With Dermody Properties
LEASEDIndustrial

Quince Leases 105000 SF Industrial Space At LogistiCenter In Carneys Point With Dermody Properties

24 North Game Creek Road

Building Size

105,000 SF

Asset Type

Industrial

Closing

Jul 16, 2025

AI

The property involved in this lease transaction is an industrial asset located at 24 North Game Creek Road, within the Carneys Point market. The total leasing space amounts to 105,000 square feet. This transaction is part of Dermody Properties' two-building development known as LogistiCenter in Southern New Jersey.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not applicable for lease transactions
  • Address: 24 North Game Creek Road
  • Market: Carneys Point
  • Landlord: Douglas Kiersey Jr. - Dermody Properties
  • Tenant: Sid Gupta - Quince
  • Landlord's Representative: Dean Torosian - JLL
  • Tenant's Representative: Andrew Stypa - Lee & Associates

The lease was signed specifically by Quince, with Andrew Stypa representing them from Lee & Associates. Dean Torosian represented Dermody Properties in facilitating the lease agreement. This transaction highlights the collaborative efforts between these firms in securing the lease terms.

Players

Dean Torosian

JLL

Broker

3 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage
JLL
JLLBrokerage
Douglas Kiersey Jr.

Douglas Kiersey Jr.

Dermody Properties

Landlord

$510M

vol

8 deals

Landlord
Dermody Properties
Dermody PropertiesLandlord

Penns Grove Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93