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Generichem Signs Lease For 27.5K SF Industrial Space In Montville, NJ

Property Image
LEASED
$12
Marc Trevisan
Thomas (Tom) Mallaney

New Jersey

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Industrial27,500 SF
Leased 05/17/2023
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Property Image
LEASED

Generichem Signs Lease For 27.5K SF Industrial Space In Montville, NJ

425 Main Rd Towaco, Nj 07082, Usa

See Similar Deals
Industrial27,500 SF
Leased 05/17/2023
Marc Trevisan
Thomas (Tom) Mallaney
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$12
Total Square Footage:27,500 SF
Transaction Type:Lease

Generichem, a pharmaceutical ingredient supplier, has signed a lease for a 27,500-square-foot office and distribution facility in Montville's Towaco section, located at 425 Main Road. The property is owned by Schuster Baumer LLC. The lease was facilitated by CBRE brokers Marc Trevisan and Tom Mallaney. The asking rent for the space is $12 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Address: 425 Main Road
  • Market: Montville
  • Landlord: Schuster Baumer LLC
  • Tenant: Generichem
  • Brokers: Marc Trevisan & Tom Mallaney - CBRE
  • Asking Rent: $12/ft
  • Square Footage: 27,500

CBRE played a key role in helping Generichem secure a long-term lease for their office and distribution facility at 425 Main Road in Montville. This lease allows Generichem to expand their operations and increase their presence in Morris County's industrial market.

Players

Thomas (Tom) Mallaney
CBRE
Thomas Mallaney
5 deals$33.8M volume
BROKER
Marc Trevisan
CBRE
Marc Trevisan
5 deals$15.3M volume
BROKER

Details

LEASED
IMAGE: Marc Trevisan & Tom Mallaney DATE: 05/17/2023 ADDRESS: 425 Main Road MARKET: Montville ASSET TYPE: Industrial LANDLORD: Schuster Baumer LLC TENANT: Generichem BROKERS: Marc Trevisan & Tom Mallaney - CBRE (@CBRE) ASKING RENT: $12/ft. ~ SF: 27,500 NOTE: Generichem, a pharmaceutical ingredient supplier, has signed a lease for a 27,500-square-foot office and distribution facility in Morris County. CBRE facilitated the transaction, helping them secure a long-term space at 425 Main Road in Montville's Towaco section

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Deal Type
Effective Rent (Annual)

$378,308.02

Total Lease Value

$3,783,080.17

Net Landlord Cash Flow$378,308.02