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Timeless Treasures Fabrics Leases 42,000 SF Industrial Space In Kenilworth

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LEASED
Catherine Goski-Vasquez
David A. Simon
+ 2

New Jersey

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Industrial42,000 SF
Leased 04/16/2024
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Property Image
LEASED

Timeless Treasures Fabrics Leases 42,000 SF Industrial Space In Kenilworth

3 Mark Road

See Similar Deals
Industrial42,000 SF
Leased 04/16/2024
Catherine Goski-Vasquez
David A. Simon
+ 2
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:42,000 SF
Transaction Type:Lease

The industrial property located at 3 Mark Road in Kenilworth spans 42,000 square feet and was leased to Timeless Treasures Fabrics. This space includes warehouse and office areas, as well as fenced paved lots, catering to the needs of industrial users requiring efficient logistics and transportation access. The property's strategic proximity to major roadways like Route 22 adds to its appeal.

Summary of transaction details:

The leasing transaction at 3 Mark Road was facilitated by NAIDB, with Catherine Goski-Vasquez, Richard Goski, and David Simon representing the landlord through NAI DiLeo-Bram & Co. On the other side, Doug Bansbach and Linda Hill from Colliers International acted as the representatives for Timeless Treasures Fabrics. This deal brought together key players in the real estate and industrial sectors, ensuring a successful leasing agreement.

Players

Richard Goski
8 deals$26.6M volume
BROKER

Catherine Goski-Vasquez
NAI Global
5 deals$17M volume
BROKER

David A. Simon
NAI Global
1 deal
BROKER


Details

LEASED
IMAGE: 04/16/2024 ADDRESS: 3 Mark Road MARKET: Kenilworth ASSET TYPE: Industrial ~ SF: 42,000 TENANT: Timeless Treasures Fabrics LANDLORD'S REP: Catherine Goski-Vasquez, Richard Goski & David Simon - NAI DiLeo-Bram & Co TENANT'S REP: Doug Bansbach & Linda Hill - Colliers International NOTE: NAIDB represented ownership in leasing a 42,000-square-foot space at 3 Mark Rd. in Kenilworth to Timeless Treasures Fabrics of Soho, LLC, a leading fabric manufacturer. The property, conveniently located near major roadways including Route 22, features warehouse and office space, along with fenced paved lots, making it an attractive choice for industrial users seeking efficient logistics and transportation access.

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Deal Type
Effective Rent (Annual)

$2,407,414.66

Total Lease Value

$24,074,146.55

Net Landlord Cash Flow$2,407,414.66