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EquipmentShare Leases 11.5K SF Industrial Space At 456 Hollywood Ave, South Plainfield

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LEASED
Jordan Metz
Eric Shalek
+ 1

New Jersey

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Industrial11,500 SF
Leased 10/23/2023
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Property Image
LEASED

EquipmentShare Leases 11.5K SF Industrial Space At 456 Hollywood Ave, South Plainfield

456 Hollywood Avenue

See Similar Deals
Industrial11,500 SF
Leased 10/23/2023
Jordan Metz
Eric Shalek
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:11,500 SF
Transaction Type:Lease

Construction tech firm EquipmentShare has leased an 11,500-square-foot industrial space located at 456 Hollywood Ave in South Plainfield. The property offers ample parking and storage space, as well as convenient access to major highways, making it an ideal location for the company's expansion in northern New Jersey.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Address: 456 Hollywood Avenue, South Plainfield
  • Market: South Plainfield
  • Square Footage: 11,500 SF

Eric Shalek and Marcus Partners, represented by Paul Marcus, are the landlords of the property. EquipmentShare, represented by Jabbok Schlacks, is the tenant. The deal was facilitated by Cushman & Wakefield, serving as the landlord's representative. The tenant was represented by Benito Abbate and Jordan Metz from Bussel Realty.

Players

Jordan Metz
38 deals$140.7M volume
BROKER

Benito Abbate
Bussel Realty
20 deals$7.6M volume(908) 655-8331
BROKER

Eric Shalek
Marcus Partners
6 deals$115.4M volume
LANDLORD

Paul Marcus
Marcus Partners
8 deals$191.3M volume
LANDLORD

TENANT

Details

LEASED
IMAGE: Eric Shalek, Paul Marcus, Jabbok Schlacks, Benito Abbate & Jordan Metz DATE: 10/23/2023 ADDRESS: 456 Hollywood Avenue MARKET: South Plainfield ASSET TYPE: Industrial ~ SF: 11,500 LANDLORD: Ridgecut Road - Eric Shalek & Marcus Partners - Paul Marcus TENANT: EquipmentShare (@Equipment_Share) - Jabbok Schlacks LANDLORD'S REP: Cushman & Wakefield (@CushWake) TENANT'S REP: Benito Abbate (@BenitoAbbate) & Jordan Metz (@JordanMichaelm) - Bussel Realty (@BusselRealty) NOTE: Construction tech firm EquipmentShare has leased an 11,500-square-foot industrial space at 456 Hollywood Ave in South Plainfield. The location offers ample parking and storage space, along with easy access to major highways, facilitating the company's expansion in northern New Jersey.

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Deal Type
Effective Rent (Annual)

$659,173.06

Total Lease Value

$6,591,730.60

Net Landlord Cash Flow$659,173.06