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Packaging & Distribution Resources Leases 158006 Square Feet Industrial Building In Edison From Federal Business Centers

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LEASED
David Blitt
David Paster

New Jersey

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Industrial158,006 SF
Leased 10/28/2024
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Property Image
LEASED

Packaging & Distribution Resources Leases 158006 Square Feet Industrial Building In Edison From Federal Business Centers

400 Clearview Road

See Similar Deals
Industrial158,006 SF
Leased 10/28/2024
David Blitt
David Paster
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:158,006 SF
Transaction Type:Lease

The industrial building located at 400 Clearview Road in Edison, NJ encompasses 158,006 square feet. It features 24-foot ceilings and 22 loading doors, positioned within the Raritan Center area which adds to its functional appeal as an industrial asset.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 400 Clearview Road
  • Market: Edison
  • Landlord: Federal Business Centers
  • Tenant: Packaging & Distribution Resources
  • Brokers: David Blitt & David Paster - Bussel Realty Corp.

David Paster and David Blitt of Bussel Realty Corp. were instrumental in facilitating the lease agreement for the tenant, Packaging & Distribution Resources. The landlord, Federal Business Centers, managed the transaction in-house, ensuring a smooth negotiation process for the Raritan Center property.

Players

David Blitt
Bussel Realty
David Blitt
4 deals(732) 261-8071
BROKER
David Paster
Bussel Realty
David Paster
3 deals(908) 217-6686
BROKER

Details

LEASED
IMAGE: David Blitt & David Paster DATE: 10/28/2024 ADDRESS: 400 Clearview Road MARKET: Edison ASSET TYPE: Industrial ~ SF: 158,006 LANDLORD: Federal Business Centers TENANT: Packaging & Distribution Resources BROKERS: David Blitt & David Paster - Bussel Realty Corp. (@BusselRealty) NOTE: Packaging & Distribution Resources has leased the 158,006-square-foot industrial building at 400 Clearview Road in Edison, NJ, facilitated by Bussel Realty Corp. David Paster and David Blitt of BRC represented the tenant, while Federal Business Centers represented the landlord in-house for the Raritan Center property, featuring 24-foot ceilings and 22 loading doors.

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Deal Type
Effective Rent (Annual)

$9,056,808.57

Total Lease Value

$90,568,085.72

Net Landlord Cash Flow$9,056,808.57