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Leo A. Esses Of Bussel Realty Represents Tenant In Piscataway Industrial Lease

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LEASED

New Jersey

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Industrial151,641 SF
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LEASED

Leo A. Esses Of Bussel Realty Represents Tenant In Piscataway Industrial Lease

4 Corporate Pl, Piscataway, NJ, 08854

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Industrial151,641 SF
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:151,641 SF
Transaction Type:Lease

The property at 4 Corporate Place in Piscataway, New Jersey, is an industrial asset spanning 151,641 square feet. It serves as the distribution facility for Idea Nuova Inc., a home décor company. The location offers convenient access to Interstate 287 and the New Jersey Turnpike, making it an ideal spot for the company's logistics and manufacturing operations.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 4 Corporate Pl, Piscataway, NJ, 08854
  • Market: Piscataway
  • Tenant's Rep: Leo A. Esses (Bussel Realty)
  • Landlord: GTJ REIT, Inc
  • Square Feet: 151641

Leo A. Esses from Bussel Realty Corp represented Idea Nuova Inc. in the lease renewal deal. The 200-acre Corporate Park 287 development where the property is located features 25-foot ceilings heights, 200 free surface parking spaces, and covered parking. On the other side, GTJ REIT Inc., the landlord, was represented in-house for this transaction.

Players

Leo A. Esses
5 deals$21.3M volume
BROKER

LANDLORD

Details

LEASED
IMAGE: 4 Corporate Pl, Piscataway, NJ, 08854 MARKET: Piscataway ASSET TYPE: Industrial TENANT'S REP: Leo A. Esses(Bussel Realty) LANDLORD: GTJ REIT, Inc SQUARE FEET: 151641

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Deal Type
Effective Rent (Annual)

$8,691,970.61

Total Lease Value

$86,919,706.13

Net Landlord Cash Flow$8,691,970.61