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H Global Commerce Inc Leases 29000 Square Feet At 31 Styertowne Rd Clifton New Jersey

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LEASED

New Jersey

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Warehouse29,000 SF
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LEASED

H Global Commerce Inc Leases 29000 Square Feet At 31 Styertowne Rd Clifton New Jersey

31 Styertowne Rd, Clifton, NJ, 07012

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Warehouse29,000 SF
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Summary

NEW JERSEY
Asset Type:Warehouse
Price Per Square Foot:$0
Total Square Footage:29,000 SF
Transaction Type:Lease

A commercial glass distributor has leased 29,000 square feet of warehouse space located at 31 Styertowne Rd, Clifton, NJ, in the Clifton market. The transaction involves Longpoint Realty Partners as the landlord, following their recent acquisition of the property, which is part of a two-building campus situated just off Route 3 and 12 miles from Manhattan. The facility features multiple loading docks, drive-in doors, and ample parking. Ownership plans to enhance the property with window replacements and LED lighting installations.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Tenant: H Global Commerce Inc
  • Landlord: Longpoint Realty Partners
  • Tenant's Representative: David Simone - Concourse Realty
  • Landlord's Representative: Josh Krantz - Lee & Associates
  • Square Feet: 29,000
  • Address: 31 Styertowne Rd, Clifton, NJ, 07012

The lease was facilitated by Lee & Associates New Jersey, with Josh Krantz, Michael Schaible, and Troy Wisse involved in the assignment. David Simone represented the tenant, H Global Commerce Inc. The deal underscores the interest in the greater Clifton industrial submarket, with strong demand from prospects primarily coming from New York City due to the location's strategic convenience and access to major highways.

Players

David Simone
25 deals$143.1M volume(212) 207-2403
BROKER

Josh Krantz
Lee & Associates
6 deals$18.5M volume
BROKER

Longpoint Realty Partners
LANDLORD

Details

LEASED
IMAGE: 31 Styertowne Rd, Clifton, NJ, 07012 MARKET: Clifton TENANT'S REP: David Simone -Concourse Realty LANDLORD'S REP: Josh Krantz -Lee & Associates TENANT: H Global Commerce Inc LANDLORD: Longpoint Realty Partners SQUARE FEET: 29000

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Deal Type
Effective Rent (Annual)

$1,662,262.50

Total Lease Value

$16,622,625.00

Net Landlord Cash Flow$1,662,262.50