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Jim Berlin Of Logistics Plus Inc Leases 1000000 Square Feet Industrial Space In Millstone Township

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LEASED
Kyle Eaton
Art Leichner
+ 4

New Jersey

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LEASED

Jim Berlin Of Logistics Plus Inc Leases 1000000 Square Feet Industrial Space In Millstone Township

505 New Jersey Highway 33

See Similar Deals
Industrial1,000,000 SF
Leased
Kyle Eaton
Art Leichner
+ 4
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1,000,000 SF
Transaction Type:Lease

The transaction involves a lease of an industrial asset located at 505 New Jersey Highway 33 in Millstone Township. The property encompasses a significant area of 1,000,000 square feet, catering to industrial needs. The lease date is set for March 17, 2025.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 505 New Jersey Highway 33
  • Market: Millstone Township
  • Square Feet: 1,000,000
  • Tenant: Jim Berlin - Logistics Plus Inc
  • Landlord: Michael Levy & Clark Machemer - Crow Holdings Development
  • Tenant's Representatives: Andrew Crites (Newmark), Art Leichner (Newmark), Kyle Eaton (Newmark)
  • Landlord's Representatives: Robert (Rob) Kossar (JLL), Nate Demetsky (JLL), Leslie Lanne (JLL)

This transaction features key representatives from both the tenant and landlord sides, with Jim Berlin representing Logistics Plus Inc. on the tenant side, while the landlord, Crow Holdings Development, is represented by Michael Levy and Clark Machemer. The brokerage firms involved include Newmark for the tenant and JLL for the landlord, highlighting the professional collaboration in this industrial lease agreement.

Players

Robert (Rob) Kossar
9 deals$584.4M volume
BROKER

Leslie Lanne
JLL
9 deals$355M volume
BROKER

Art Leichner
Newmark
3 deals
BROKER

Andrew Crites
Newmark
3 deals
BROKER

Kyle Eaton
Newmark
8 deals$100M volume
BROKER

Nate Demetsky
JLL
7 deals$46M volume
BROKER

Details

LEASED
IMAGE: Michael Levy, Clark Machemer, Jim Berlin, Leslie Lanne, Nate Demetsky, Robert Kossar, Andrew Crites, Art Leichner & Kyle Eaton DATE: 03/17/2025 ADDRESS: 505 New Jersey Highway 33 MARKET: Millstone Township ASSET TYPE: Industrial ~ SF: 1,000,000 LANDLORD: Michael Levy & Clark Machemer - Crow Holdings Development TENANT: Jim Berlin - Logistics Plus Inc(@LogisticsPlusInc) LANDLORD'S REP: Leslie Lanne, Nate Demetsky & Robert Kossar - JLL (@JLL) TENANT'S REP: Andrew Crites, Art Leichner & Kyle Eaton - Newmark (@Newmark) NOTE: Crow Holdings Development signed a 1 million-square-foot lease with Logistics Plus at Millstone 8 Logistics Center, marking a regional expansion near New Jersey Turnpike Exit 8. The deal, brokered by Newmark and JLL, highlights ongoing demand for large-scale industrial space, despite a shifting market.

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Deal Type
Effective Rent (Annual)

$57,319,396.56

Total Lease Value

$573,193,965.57

Net Landlord Cash Flow$57,319,396.56