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Wise Foods Leases 61,000 Square Feet Industrial Space At 70 Maltese Drive In Totowa NJ
LEASED
New Jersey
See Similar DealsIndustrial61,000 SF
Leased 12/03/2024
LEASED
Wise Foods Leases 61,000 Square Feet Industrial Space At 70 Maltese Drive In Totowa NJ
70 Maltese Drive
See Similar DealsIndustrial61,000 SF
Leased 12/03/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:61,000 SF
Transaction Type:Lease
The property asset involved in the transaction is located at 70 Maltese Drive, Totowa, NJ. It is an industrial asset with a total square footage of 61,000. The lease arrangement marks Wise Foods' relocation and expansion from Bergen County.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 70 Maltese Drive
- Market: Totowa
- Landlord: Dwight Y. Angelini - Longpoint
- Tenant: Wise Foods
- Landlord's Representative: Cushman & Wakefield
- Tenant's Representatives: Andrew Stypa, Daniel Badenhausen & Kyle Janoczkin - Lee & Associates
The transaction involved key representatives from both sides. Lee & Associates facilitated the lease, with Andrew Stypa, Daniel Badenhausen, and Kyle Janoczkin representing Wise Foods in the deal. On the other side, the landlord, Longpoint, was represented by Cushman & Wakefield.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$3,496,483.19
Total Lease Value
$34,964,831.90
Net Landlord Cash Flow$3,496,483.19
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