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Armstrong Logistics Expands With 157,823 SF Industrial Lease In Edgewater & Edison
LEASED
New Jersey
See Similar DealsIndustrial157,823 SF
Leased 06/23/2023
LEASED
Armstrong Logistics Expands With 157,823 SF Industrial Lease In Edgewater & Edison
250 Carter Drive Edison, New Jersey 08817, Usa
See Similar DealsIndustrial157,823 SF
Leased 06/23/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:157,823 SF
Transaction Type:Lease
NAI Mertz facilitated industrial distribution leases totaling 157,823 square feet for Armstrong Logistics in Edgewater and Edison. The leased properties are located at 801 Bridgeboro Road and 250 Carter Drive. This expansion allows Armstrong Logistics to meet client demands and further establish its presence in the logistics industry.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 801 Bridgeboro Road & 250 Carter Drive
- Market: Edgewater & Edison
- Tenant: Armstrong Logistics
- Broker: Scott Mertz - NAI Mertz
Scott Mertz of NAI Mertz played a crucial role as the broker representing Armstrong Logistics in these leases. This successful transaction demonstrates Armstrong Logistics' commitment to meeting the needs of its clients and expanding its presence in the logistics industry.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$9,046,319.12
Total Lease Value
$90,463,191.23
Net Landlord Cash Flow$9,046,319.12
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