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Audio Codes Inc. Leases Warehouse/Office Space At 80 Kingsbridge Rd In Piscataway

80 Kingsbridge Road
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This Office property located in NJ was leased almost 2 years ago. The asking rent per square foot was $14. The brokers of the deal were William (Bill) McCaffrey and Todd Ward

The property involved in this lease transaction is a Warehouse/Office located at 80 Kingsbridge Rd in Piscataway. The total square footage of the property is 14,706 square feet. The landlord, Ariel Brenner VP Leasing, and Rafi Lipschitz Investment Manager, leased the property to the tenant, Audio Codes Inc. The asking rent for the lease was $14 per square foot.

Summary of transaction details

  • Property Type: Warehouse/Office
  • Asking Rent: $14/ft.
  • Square Footage: 14,706
  • Address: 80 Kingsbridge Rd
  • Market: Piscataway

The landlord's representatives in this lease deal were Bill McCaffrey and William E. McCaffrey from Avison Young. On the tenant's side, Todd Ward from Newmark Knight Frank represented Audio Codes Inc. The transaction took place on June 1, 2022.

Note: Shelbourne continues to lease their office portfolio in Piscataway and Bloomfield, despite the trend of owners repurposing commercial assets in New Jersey during the pandemic. Avison Young New Jersey-based Principal William McCaffrey noted the new interest, renewals, and lease extensions experienced by Shelbourne's properties.

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Deals
  • Location
    80 Kingsbridge Road80 Kingsbridge Road
  • Leased Value
    $14$14
  • Asking Rent
    $14 PSF$14 PSF
  • Area
    14,706 SF14,706 SF
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

William (Bill) McCaffrey

William (Bill) McCaffrey

Deals2
Leased2

Todd Ward

Todd Ward

Deals1
Leased1

Agencies

Avison Young

Avison Young

Agency
Deals808
Volume$17B

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

LEASE IMAGE: William E. McCaffrey, Ariel Brenner & Todd Ward DATE: 06/01/2022 ADDRESS: 80 Kingsbridge Rd MARKET: Piscataway ASSET TYPE: Warehouse /Office LANDLORD: Ariel Brenner VP Leasing & Rafi Lipschitz Investment Manager TENANT: Audio Codes Inc. LANDLORD'S REP: Bill McCaffrey & William E. McCaffrey - Avison Young TENANT'S REP: Todd Ward - Newmark Knight Frank ASKING RENT: $14/ft. ~ SF: 14,706 NOTE FROM LANDLORD: https://njbiz.com/avison-young-nj-arranges-162k-square-feet-in-leases-for-shelbourne-global/ Shelbourne has continued to lease their office portfolio while bucking the trend of owners in New Jersey repurposing their commercial assets as their Piscataway and Bloomfield properties continue to experience new interest, renewals and lease extensions even in midst of the pandemic,” said Avison Young New Jersey-based Principal William McCaffrey in a statement.

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80 Kingsbridge Road

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