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Rockaway Holding Group Leases 124556 SF Industrial Space At 25 Green Pond Road In Rockaway

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LEASED

New Jersey

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Industrial124,556 SF
Leased 12/23/2024
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LEASED

Rockaway Holding Group Leases 124556 SF Industrial Space At 25 Green Pond Road In Rockaway

25 Green Pond Road

See Similar Deals
Industrial124,556 SF
Leased 12/23/2024
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:124,556 SF
Transaction Type:Lease

The industrial asset at 25 Green Pond Road in Rockaway occupies a total of 124,556 square feet. The property was leased by Rockaway Holding Group, LLC, under a long-term agreement. The landlord for this transaction is 25 Green Pond Investors LLC.

Summary of transaction details:

Rockaway Holding Group signed a lease agreement that will see the property transformed into a donut manufacturing facility capable of producing over 1 million donuts daily. The representatives involved in facilitating the deal include Cushman & Wakefield's Stephen Sander and Steve Elman for the landlord side, while Savills' Daniel Foley represented the tenant.

Players

Stephen Sander
2 deals(201) 508-5246
BROKER


Details

LEASED
IMAGE: Stephen Sander, Steve Elman & Daniel Foley DATE: 12/23/2024 ADDRESS: 25 Green Pond Road MARKET: Rockaway ASSET TYPE: Industrial ~ SF: 124,556 LANDLORD: 25 Green Pond Investors LLC TENANT: Rockaway Holding Group, LLC LANDLORD'S REP: Stephen Sander & Steve Elman - Cushman & Wakefield (@CushWake) TENANT'S REP: Daniel Foley - Savills (@Savills) LEASE TERM: 15-year NOTE: Rockaway Holding Group signed a 15-year lease for 124,556 SF at 25 Green Pond in Rockaway, transforming it into a donut manufacturing facility producing over 1M donuts daily. Savills’ Daniel Foley represented the tenant, while Cushman & Wakefield's Stephen Sander and Steve Elman represented the landlord.

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Deal Type
Effective Rent (Annual)

$7,139,474.76

Total Lease Value

$71,394,747.58

Net Landlord Cash Flow$7,139,474.76