Updated Sep 23, 2026
Metropolitan Warehouse And Delivery Leases 530,000 Square Feet From Rockefeller Group In Carneys Point NJ
49 Forest Lane
Building Size
530,000 SF
Asset Type
Industrial
Closing
Sep 23, 2026
About this deal
AI
The property asset involved in the transaction is located at 49 Forest Lane Building A in Carneys Point, NJ. It is an industrial asset comprising 530,000 square feet, positioned within the Rockefeller Group Logistics Center, which has an additional building of 596,443 square feet available.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 49 Forest Lane Building A
- Market: Carneys Point, NJ
- Landlord: Daniel J. Moore - Rockefeller Group
- Tenant: Shawn Khan - Metropolitan Warehouse and Delivery
- Landlord's Representative: Thomas Monahan & Andrew Green - CBRE
- Tenant's Representative: Michael Kimmel, Sean Kelly & Hunter Reid - KBC Advisors
The deal highlights the involvement of several key individuals; Daniel J. Moore serves as the landlord, while Shawn Khan acts as the tenant. Thomas Monahan and Andrew Green represent the landlord through CBRE, whereas the tenant is represented by Michael Kimmel, Sean Kelly, and Hunter Reid from KBC Advisors, facilitating the expansion of Metropolitan Warehouse and Delivery from its previous location in Perth Amboy.
Players
Forest Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93