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Colliers Secures 181,000 SF Industrial Lease For ASA Apple Inc. In Linden

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LEASED

New Jersey

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Industrial181,000 SF
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LEASED

Colliers Secures 181,000 SF Industrial Lease For ASA Apple Inc. In Linden

55 Wildcat Way, Linden, NJ, 07036

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Industrial181,000 SF
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:181,000 SF
Transaction Type:Lease

Located at 55 Wildcat Way in Linden, NJ 07036, the industrial property leased by ASA Apple Inc. spans 181,000 square feet. The asset, serving as an expansion of the transportation and logistics solutions firm's regional distribution operations, fulfilled specific geographic requirements for the tenant, including proximity to the NJ Turnpike and adequate trailer parking. The property owner, ProLogis, facilitated the lease, ensuring a modern construction that met ASA Apple's operational needs.

Summary of transaction details:

Colliers International NJ LLC Inc. played a crucial role in the lease agreement, with Richard Mirliss, Richard J. Madison, and Alex Vitro representing ASA Apple Inc. in the site search and negotiation process. Meanwhile, CBRE's Tom Monahan acted as the agent for the property owner, ProLogis. ASA Apple Inc., a public warehouse and intermodal transportation company specializing in overseas traffic coordination, found the location ideal for its operations, enhancing its presence in the Port of New York region.

Players

Thomas Monahan
11 deals$83M volume
BROKER


Prologis
BROKERAGE

Prologis
LANDLORD

Details

LEASED
IMAGE: 55 Wildcat Way, Linden, NJ, 07036 MARKET: Linden ASSET TYPE: Industrial TENANT'S REP: Richard Mirliss(P & M Advisors) LANDLORD'S REP: Thomas Monahan(CBRE) TENANT: ASA Apple Inc. LANDLORD: ProLogis SQUARE FEET: 181000

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Deal Type
Effective Rent (Annual)

$10,374,810.78

Total Lease Value

$103,748,107.77

Net Landlord Cash Flow$10,374,810.78