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Endurance Real Estate Group Leases Industrial Space To United Fulfillment In Burlington Township

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LEASED
Nate Demetsky
Dean Torosian
+ 3

New Jersey

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Industrial217,986 SF
Leased 11/09/2023
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LEASED

Endurance Real Estate Group Leases Industrial Space To United Fulfillment In Burlington Township

2609 Rancocas-Springfield Road

See Similar Deals
Industrial217,986 SF
Leased 11/09/2023
Nate Demetsky
Dean Torosian
+ 3
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:217,986 SF
Transaction Type:Lease

The 217,986 square foot industrial property located at 2609 Rancocas-Springfield Road in Burlington has been leased to United Fulfillment. The property is part of the Rancocas 5 Industrial Park, developed by Endurance Real Estate Group. This lease contributes to the park's full occupancy, highlighting the strong demand for quality warehouse space in Burlington County.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2609 Rancocas-Springfield Road
  • Market: Burlington

The landlord, Endurance Real Estate Group, was represented by Albert J. Corr. The tenant, United Fulfillment, secured the lease with the assistance of Allen Ding from Visionaire Real Estate and Casey Mungo from Daum Commercial Real Estate Services. JLL, represented by Dean Torosian, Matt Kemery, and Nate Demetsky, collaborated with Endurance Real Estate Group to achieve full occupancy for the Rancocas 5 Industrial Park.

Players

Casey Mungo
5 deals$116.1M volume
BROKER

Nate Demetsky
JLL
7 deals$46M volume
BROKER

Matt Kemery
JLL
2 deals
BROKER

Dean Torosian
JLL
3 deals
BROKER


Details

LEASED
IMAGE: Albert J. Corr, Dean Torosian, Matt Kemery, Nate Demetsky, Allen Ding & Casey Mungo DATE: 11/09/2023 ADDRESS: 2609 Rancocas-Springfield Road MARKET: Burlington ASSET TYPE: Industrial ~ SF: 217,986 LANDLORD: Endurance Real Estate Group (@EnduranceRE) - Albert J. Corr TENANT: United Fulfillment LANDLORD'S REP: Dean Torosian, Matt Kemery & Nate Demetsky - JLL (@JLL) TENANT'S REP: Allen Ding - Visionaire Real Estate & Casey Mungo (@MungoStein) - Daum Commercial Real Estate Services (@DaumCommercialRealEstate) NOTE: Endurance Real Estate Group, in collaboration with JLL, has achieved full occupancy for the 289,042-square-foot Rancocas 5 Industrial Park in Burlington Township, including a 217,986-square-foot lease to United Fulfillment. The project underscores robust tenant demand for quality warehouse space in Burlington County.

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Deal Type
Effective Rent (Annual)

$12,494,825.98

Total Lease Value

$124,948,259.78

Net Landlord Cash Flow$12,494,825.98