Inez Shoes Leases Industrial Space At 86 Forrest Street Jersey City For $16 Per Ft

The property involved in this transaction is located at 86 Forrest Street in Jersey City. It is an industrial asset comprising a total area of 20,000 square feet. The asking rent for the leased space is $16 per square foot. The lease term is set for 5 years with an option available, and it is structured as a NNN lease.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $320,000
• Tenant: Inez Shoes
• Broker: Gregory Edgell - Grid Real Estate
• Lease Term: 5Y + Option
• Lease Type: NNN Lease

Gregory Edgell from Grid Real Estate represents Inez Shoes in this lease transaction. The representation entails negotiating the terms and conditions of the lease agreement for the industrial property.