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Stephen Izzi Trucking Expands Lease At 60 Leonard Street Metuchen Under Landlord Seagis Property Group

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LEASED
Steve Bussel

New Jersey

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Industrial158,641 SF
Leased 11/12/2024
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Property Image
LEASED

Stephen Izzi Trucking Expands Lease At 60 Leonard Street Metuchen Under Landlord Seagis Property Group

60 Leonard Street

See Similar Deals
Industrial158,641 SF
Leased 11/12/2024
Steve Bussel
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:158,641 SF
Transaction Type:Lease

The industrial property located at 60 Leonard Street in Metuchen has an asset size of 158,641 square feet. This lease expansion brings the property to full occupancy. The expanded space features 21-foot ceilings, trailer parking, and office areas, enhancing its logistics capabilities.

Summary of transaction details:

Stephen Izzi Trucking has expanded its lease by signing for a larger space after initially leasing 62,802 square feet in 2022. The brokerage involved in this transaction includes David Izzi, Gregory Irving, and Steve Bussel from Bussel Realty, representing the interests of the parties involved in this deal.

Players

Steve Bussel
9 deals$44.7M volume
BROKER

Gregory Irving
Bussel Realty
7 deals$38.1M volume
BROKER

Details

LEASED
IMAGE: Tyler Baker, Gregory Irving & Steve Bussel DATE: 11/12/2024 ADDRESS: 60 Leonard Street MARKET: Metuchen ASSET TYPE: Industrial ~ SF: 158,641 LANDLORD: Tyler Baker - Seagis Property Group TENANT: Stephen Izzi Trucking BROKERS: David Izzi, Gregory Irving & Steve Bussel - Bussel Realty (@BusselRealty) NOTE: Stephen Izzi Trucking has signed a 158,641-square-foot lease expansion at 60 Leonard Street in Metuchen, bringing the industrial property to full occupancy. The logistics firm had originally leased 62,802 square feet in 2022, and the expanded space includes 21-foot ceilings, trailer parking, and office areas.

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Deal Type
Effective Rent (Annual)

$9,093,206.39

Total Lease Value

$90,932,063.89

Net Landlord Cash Flow$9,093,206.39