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Goodwill Industries Leases 125500 Square Feet At 400 Huyler St South Hackensack From Forsgate Industrial Partners

Property Image
LEASED
Stephen Shoemaker
Jason Barton
+ 2

New Jersey

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Industrial125,500 SF
Leased 12/04/2019
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Property Image
LEASED

Goodwill Industries Leases 125500 Square Feet At 400 Huyler St South Hackensack From Forsgate Industrial Partners

400 Huyler St, South Hackensack, NJ...

See Similar Deals
Industrial125,500 SF
Leased 12/04/2019
Stephen Shoemaker
Jason Barton
+ 2
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:125,500 SF
Transaction Type:Lease

The property involved in this transaction is a newly constructed warehouse located at 400 Huyler St in South Hackensack, NJ. This industrial lease spans 125,500 square feet and features 40-foot ceiling heights, along with 12,000 square feet dedicated to office space. The lease is set within the South Hackensack market, which is situated in northern New Jersey.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not disclosed
  • Address: 400 Huyler St, South Hackensack, NJ
  • Market: South Hackensack
  • Landlord: Forsgate Industrial Partners
  • Tenant: Goodwill Industries
  • Landlord's Representative: Elizabeth Rouse (Cushman & Wakefield)
  • Brokers: Chuck Fern (Cushman & Wakefield), Jason Barton (Cushman & Wakefield)
  • Square Feet: 125,500

The deal involved a collaborative effort from several representatives at Cushman & Wakefield, including Chuck Fern, Jason Barton, and Elizabeth Rouse, who represented both Goodwill Industries in its site selection and the lease negotiations, as well as the landlord, Forsgate Industrial Partners. This leasing agreement signifies Goodwill Industries' commitment to expanding its operations in the region.

Players

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

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




Forsgate Industrial Partners
BROKERAGE


Details

LEASED
IMAGE: 400 Huyler St, South Hackensack, NJ... MARKET: South Hackensack LANDLORD'S REP: Elizabeth Rouse(Cushman & Wakefield) BROKERS: Chuck Fern(Cushman & Wakefield), Jason Barton(Cushman & Wakefield) TENANT: Goodwill Industries LANDLORD: Forsgate Industrial Partners SQUARE FEET: 125500

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Deal Type
Effective Rent (Annual)

$7,193,584.27

Total Lease Value

$71,935,842.68

Net Landlord Cash Flow$7,193,584.27