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Twenty Four 7 Contracting Leases 213806 Square Feet At 720 South Front Street In Elizabeth

Property Image
LEASED
Jason Crimmins
Alessandro Conte
MS
+ 1

New Jersey

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Industrial213,806 SF
Leased 07/15/2024
the dealplayerscompscontact
Property Image
LEASED

Twenty Four 7 Contracting Leases 213806 Square Feet At 720 South Front Street In Elizabeth

720 South Front Street

See Similar Deals
Industrial213,806 SF
Leased 07/15/2024
Jason Crimmins
Alessandro Conte
MS
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:213,806 SF
Transaction Type:Lease

The property asset involved in this transaction is an industrial facility located at 720 South Front Street in Elizabeth, NJ. The building encompasses 213,806 square feet and is situated on an 11-acre lot. Its strategic positioning provides convenient access to New Jersey Turnpike Exit 13 and Port Newark-Elizabeth.

Summary of transaction details:

This lease transaction was facilitated by brokers from The Blau & Berg Company and Lee & Associates – WBE LLC, demonstrating effective collaboration in representing both the landlord and the tenant. The tenant, Twenty Four 7 Contracting, specializes in commercial furniture installation.

Players

MS
Lee & Associates
Michael Schaible
5 deals$16.5M volume
BROKER
Peter Murano
The Blau & Berg Company
Peter Murano
9 deals
BROKER
Jason Crimmins
The Blau & Berg Company
Jason Crimmins
9 deals
BROKER
Alessandro Conte
The Blau & Berg Company
Alessandro Conte
7 deals
BROKER

Details

LEASED
IMAGE: Alessandro Conte, Jason Crimmins, Peter Murano & Michael Schaible DATE: 07/15/2024 ADDRESS: 720 South Front Street MARKET: Elizabeth ASSET TYPE: Industrial ~ SF: 213,806 TENANT: Twenty Four 7 Contracting LANDLORD'S REP: Alessandro Conte (@AlexConte8), Jason Crimmins (@JmCrimmins) & Peter Murano (@MuranoPeter) - The Blau & Berg Company (@TheBlauBergCompany) TENANT'S REP: Michael Schaible - Lee & Associates (@LeeAssociatesRE) NOTE: Twenty Four 7 Contracting, a commercial furniture installer, has leased nearly 214,000 square feet at 720 South Front St. in Elizabeth, NJ, positioning itself strategically close to New Jersey Turnpike Exit 13 and Port Newark-Elizabeth. The full occupancy of the 213,806-square-foot facility on 11 acres was facilitated by brokers from The Blau & Berg Co. and Lee & Associates – WBE LLC, highlighting effective collaboration in serving both landlord and tenant interests.

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Deal Type
Effective Rent (Annual)

$12,255,230.90

Total Lease Value

$122,552,309.00

Net Landlord Cash Flow$12,255,230.90