EDISON, NJ-Williams Scotsman has signed a 123,438-square-foot land lease at Heller Industrial Park's trailer parking area on Distribution Boulevard here. Vice president Allan Ramsay provided in-house representation in the transaction, while Ken Lundberg of NAI James E. Hanson represented Williams Scotsman, a manufacturer and supplier of modular office trailers.
Williams Scotsman chose this location due to its economic feasibility and close proximity to the region’s major distribution highways. “The company’s new location on Distribution Boulevard will afford it a strategic location near the New Jersey Turnpike that will enable the company’s business operations to benefit from direct accessibility," Ramsay tells GlobeSt.com. He declined to provide rental rates, but according to Cushman & Wakefield's first quarter industrial report, rents are around $5.20.
In a separate deal, E.S. Freight, LLC has signed a 34,715-square-foot new lease at Heller-owned 15 Jensen Dr. in Somerset, NJ. Vice president of special projects David Paster provided in-house representation for Heller, while Steven Beyda of Jones Lang LaSalle represented E.S. Freight. Cushman & Wakefield pegs rents here slightly higher at $6.61.
E.S. Freight will use its portion of the 171,000-square-foot industrial building for warehouse space as well as a distribution center for apparel. The building has a 28-foot clearance to accommodate E.S. Freight’s operational needs.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.