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GenLed Brands LLC Leases 17,000 SF Industrial Space In East Rutherford

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LEASED

New Jersey

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Industrial17,000 SF
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LEASED

GenLed Brands LLC Leases 17,000 SF Industrial Space In East Rutherford

300 Murray Hill Pkwy, East Rutherford...

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Industrial17,000 SF
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:17,000 SF
Transaction Type:Lease

An industrial property located at 300 Murray Hill Pkwy in East Rutherford has been leased by GenLed Brands LLC, a manufacturer of LED lighting. The company has secured 17,000 square feet of space within the building, representing approximately one-third of the total 49,210 square feet. The location offers convenient access to major transportation routes, including the New Jersey Turnpike, Interstate 80, and routes 3, 46, and 17.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Landlord's Representative: Larry Schiffenhaus (CBRE), Stephen D’Amato (CBRE), Thomas Monahan (CBRE)
  • Tenant: GenLed Brands LLC
  • Landlord: ProLogis
  • Square Feet: 17,000

Chilmark Real Estate Services facilitated the deal, with the tenant being represented by Chilmark Executive Managing Director Michael Marchese. On the landlord's side, a team from CBRE, comprising Vice Chairman Thomas Monahan, Senior Vice President Stephen D’Amato, and Vice President Larry Schiffenhaus, acted as the representatives for ProLogis in the transaction.

Players

Larry Schiffenhaus
13 deals$83M volume
BROKER

Thomas Monahan
CBRE
11 deals$83M volume
BROKER

Stephen D’Amato
CBRE
3 deals
BROKER

Prologis
LANDLORD

Details

LEASED
IMAGE: 300 Murray Hill Pkwy, East Rutherford... MARKET: East Rutherford ASSET TYPE: Industrial LANDLORD'S REP: Larry Schiffenhaus(CBRE), Stephen D’Amato(CBRE), Thomas Monahan(CBRE) TENANT: GenLed Brands LLC LANDLORD: ProLogis SQUARE FEET: 17000

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Deal Type
Effective Rent (Annual)

$974,429.74

Total Lease Value

$9,744,297.41

Net Landlord Cash Flow$974,429.74