Diversified Rack & Shelving Inc. Leases 275,955 Square Feet Industrial Space In Bordentown, NJ

The property asset involved in the transaction is a 275,955-square-foot industrial building located at 201 Elizabeth Street in Bordentown, New Jersey. The lease has been finalized with a structure that accommodates the needs of the tenant, establishing a significant presence in the local industrial market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not Specified
• Address: 201 Elizabeth Street
• Market: Bordentown, NJ
• Landlord: Penwood Real Estate Investment Management
• Tenant: Diversified Rack & Shelving Inc.
• Broker Representatives: Chuck Fern, Mindy Lissner, David Gheriani, John Gartland & Michael Ugarte - Cushman & Wakefield

This transaction strengthens Diversified Rack & Shelving Inc.'s operational capacity as it leases the entire facility from Penwood Real Estate Investment Management, contributing to an expansion that exceeds 600,000 square feet of occupied space for the company.