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.
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