The property asset involved in this lease transaction is located at 49 Callahan Blvd, Sayreville, comprising 100,500 square feet of industrial space within the Arsenal Trade Center. The facility is part of a three-building, 1.1 million-square-foot logistics development which was delivered in late 2023. It features high clear heights and LEED Gold certification, ensuring energy efficiency and sustainability, and offers convenient access to major transportation corridors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Landlord: Danny Queenan - Trammell Crow; CBRE Investment Management
• Tenant: Irv Megargee - Essex Food Ingredients
• Landlord's Representative: Thomas Monahan, Larry Schiffenhaus & Brian Golden - CBRE
• Tenant's Representative: Mindy Lissner, Mark Zaziski & Patrick Decker - Cushman & Wakefield

This lease agreement marks a significant step for Essex Food Ingredients as they expand their operations. The representatives involved in the deal showcased their expertise, with CBRE acting on behalf of the landlord and Cushman & Wakefield representing the tenant. The collaboration between these commercial real estate entities facilitated the successful negotiation of the terms and conditions of the lease.