Updated Sep 28, 2026
The Packengers Leases 41,179 Square Feet At 50 Distribution Boulevard In Edison New Jersey
50 Distribution Boulevard
Building Size
41,179 SF
Asset Type
Industrial
Closing
Sep 25, 2026
About this deal
AI
The property asset involved in the transaction is located at 50 Distribution Boulevard, Edison, NJ, comprising an industrial space of 41,179 square feet. This asset is part of Heller Industrial Parks and serves as the new location for The Packengers, which is expanding its logistics and distribution operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 50 Distribution Boulevard
- Market: Edison, NJ
- Square Footage: 41,179
- Tenant: The Packengers
- Brokers: Joseph Hentze Jr & Morgan Nitti - Cushman & Wakefield
Joseph Hentze Jr. and Morgan Nitti acted as the broker representatives for The Packengers in this lease transaction, facilitating their relocation from Long Island to the new site in Edison.
On the Map
Industrial
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Edison Industrial Market Snapshot
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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