IApparel Brands Leases 111374 Square Feet At Lawrence Logistics Center In Trenton, NJ

The property asset involved in the transaction is located at 40 Enterprise Avenue, Trenton, NJ. This industrial facility encompasses a total square footage of 111,374 and is part of the Lawrence Logistics Center. The site has been fully occupied following the lease agreement with iApparel Brands. The redevelopment of the site was facilitated under a 30-year Payment In Lieu Of Taxes (PILOT) program.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 40 Enterprise Avenue
• Market: Trenton
• Landlord: Lawrence Logistics Urban Renewal LLC
• Tenant: Sammy Catton - iApparel Brands
• Brokers: J.C. Giordano, Timothy Cadigan, Matthew C. Turse & Stephen Gianis - Avison Young

The lease was arranged by Avison Young, representing iApparel Brands and underscoring the successful acquisition of the Southpole brand. This transaction highlights the effective collaboration and strategic planning of the brokers involved, ensuring the full occupancy of the 261,646-square-foot industrial facility.