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Carrier Enterprise Leases Industrial Building At 30 Duke Road, Piscataway

Property Image
LEASED
Jack Winge
Charles (Chuck) Fern
+ 1

New Jersey

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Industrial78,000 SF
Leased 04/26/2024
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Property Image
LEASED

Carrier Enterprise Leases Industrial Building At 30 Duke Road, Piscataway

30 Duke Road

See Similar Deals
Industrial78,000 SF
Leased 04/26/2024
Jack Winge
Charles (Chuck) Fern
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:78,000 SF
Transaction Type:Lease

The industrial building located at 30 Duke Road in Piscataway spans 78,000 square feet, serving as a new leasing location for Carrier Enterprise, a prominent HVAC distributor. This move aligns with Carrier Enterprise's expansion initiative and provides them with a modern warehouse space in a prime distribution market within Rutgers Industrial Center.

Summary of transaction details:

The leasing deal was facilitated by brokers Chuck Fern, Dan Johnsen, Jack Winge, and Jason Barton from Cushman & Wakefield, ensuring a smooth transaction between the landlord, Paul Tavaglione of Levin Management Corp, and the tenant, Evan Gilbert of Carrier Enterprise.

Players

Charles (Chuck) Fern
18 deals$117.5M volume(908) 413-3430
BROKER

Jason Barton
Cushman & Wakefield
11 deals$8.5M volume
BROKER

Jack Winge
Cushman & Wakefield
6 deals
BROKER

Details

LEASED
IMAGE: 04/26/2024 ADDRESS: 30 Duke Road MARKET: Piscataway ASSET TYPE: Industrial ~ SF: 78,000 LANDLORD: Paul Tavaglione - Levin Management Corp TENANT: Evan Gilbert - Carrier Enterprise BROKERS: Chuck Fern, Dan Johnsen, Jack Winge & Jason Barton - Cushman & Wakefield NOTE: Carrier Enterprise, a leading HVAC distributor, has leased a new 78,000-square-foot industrial building in Piscataway's Rutgers Industrial Center, part of an expansion initiative. The move to 30 Duke Road provides Carrier Enterprise with a modern, ready-to-use warehouse space in a prime distribution market, facilitating operational efficiency and growth for the company.

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Deal Type
Effective Rent (Annual)

$4,470,912.93

Total Lease Value

$44,709,129.31

Net Landlord Cash Flow$4,470,912.93