EDISON, NJ —Cassidy Turley negotiated the sale and lease of a 63,000 square-foot warehouse at 930 New Durham Road in Edison, NJ. The buyer, DCT industrial Trust, plans to upgrade the property, which The Lennox International Group has leased as a warehouse for pet treats.
Cassidy Turley executive managing director Chuck Fern and vice president Jason Barton represented DCT, which was led internally by Tom Tucci, senior vice president, and the seller, Dweck 30th/Inc. Fern and Barton also negotiated the lease with Lennox.
DCT will upgrade the 63,613 square foot, freestanding building that features 22' ceilings and nine tailgate docks. New office spaces will be added and lighting upgrades and other exterior and interior improvements will be implemented to meet the new tenant's needs. Lennox leased the facility to expand its East Coast distribution.
“Our longstanding relationship with DCT Industrial Trust enabled us to match the right investment that complements the existing portfolio as well as secure a tenant like Lennox that wanted to expand distribution in this key industrial market,” says Fern.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
