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NAI DiLeo-Bram & Co. Leases Industrial Buildings In Piscataway, NJ To Stelton Sports And The Commencement Group

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LEASED

New Jersey

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Industrial55,000 SF
Leased 12/19/2023
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LEASED

NAI DiLeo-Bram & Co. Leases Industrial Buildings In Piscataway, NJ To Stelton Sports And The Commencement Group

527 Stelton Road & 547 Stelton Road

See Similar Deals
Industrial55,000 SF
Leased 12/19/2023
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:55,000 SF
Transaction Type:Lease

NAI DiLeo-Bram & Co. has arranged the lease of two newly constructed industrial buildings in Piscataway, New Jersey. The buildings, located at 527 Stelton Road and 547 Stelton Road, have a combined size of 27,500 square feet. The lease includes 17,500 square feet for one tenant and 10,000 square feet for another tenant. These transactions reflect the strong demand for warehouse space in central New Jersey.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 527 Stelton Road & 547 Stelton Road, Piscataway
  • Market: Piscataway
  • Total Square Footage: 27,500

The tenants involved in these lease agreements are Stelton Sports and The Commencement Group. NAI DiLeo-Bram & Co., represented by Kelly Bayer and Robert V. DiLeo, acted as the brokers for these single-tenant users. With the increasing demand for warehouse space in central New Jersey, these lease deals highlight the market's attractiveness for industrial properties.

Players

Kelly Bayer
2 deals$1.7M volume
BROKER

Robert V. DiLeo
NAI Global
6 deals$47.9M volume(732) 985-3000
BROKER

Details

LEASED
IMAGE: Kelly Bayer & Robert V. DiLeo DATE: 12/19/2023 ADDRESS: 527 Stelton Road & 547 Stelton Road MARKET: Piscataway ASSET TYPE: Industrial ~ SF: 27,500 TENANT: Stelton Sports; The Commencement Group BROKERS: Kelly Bayer & Robert V. DiLeo - NAI DiLeo-Bram & Co. NOTE: NAI DiLeo-Bram & Co. has leased 17,500 square feet and 10,000 square feet at two newly constructed industrial buildings in Piscataway. The brokerage team arranged the transactions for single-tenant users, reflecting strong demand for warehouse space in central New Jersey.

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Deal Type
Effective Rent (Annual)

$3,152,566.81

Total Lease Value

$31,525,668.11

Net Landlord Cash Flow$3,152,566.81