BroadRange Logistics Signs Lease For 480,000 SF At 500 Salt Meadow Road In Carteret

The transaction involves an industrial asset located at 500 Salt Meadow Road in Carteret, NJ, encompassing a total square footage of 480,000 SF. This lease agreement secures the full occupancy of the 1.2M SF industrial campus owned by Crow Holdings.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 500 Salt Meadow Road
• Market: Carteret
• Landlord: Michael Levy - Crow Holdings
• Tenant: Ari Milstein - BroadRange Logistics
• Landlord's Representative: Jules Nissim, Stan Danzig & Kimberly Bach - Cushman & Wakefield
• Tenant's Representative: Russell Hofstetter - Strategic Real Estate Partners; Stephen Shoemaker - CBRE

In this deal, BroadRange Logistics has entered into a full-building lease, bringing significant leasing activity to the industrial campus. The landlords and their representatives played a pivotal role in facilitating the lease agreement, ensuring that the property reached its full occupancy status.