At 220 Evans Way, a 69,700-sf one-story building, warehousestorage company Pack-Rat Inc. has signed a five-year lease for38,000 sf. The space had been listed with an asking price of $6 persf, and the lease carries an aggregate value of $1.1 million, whichfactors out to that asking price. CBC broker John Adams representedlandlord 220 Evans Way LLC; the tenant was represented by ConnorFaught of the Washington, DC office of GVA Advantis.


And at the nearby 211 Evans Way, Pedowitz Machinery Movers of NJhas signed two separate leases that effectively fill the 72,500-sfbuilding. The first is a seven-year deal for 36,090 sf thataggregates to $1.5 million, which factors out to approximately $5.9per sf. CBC Feist & Feist's Adams represented both the tenantand landlord 211 Evans Way LLC.


And in Pedowitz's second, separate lease at the same building,the company has taken 34,450 sf, again for seven years, with anaggregate value of just more than $1.3 million, which computes to$5.39 per sf. Adams again orchestrated the deal for both sides.


The signings come in the wake of a recent building salenegotiated by Adams, also in Branchburg. In that case, the77,000-sf industrial building at 47 Readington Rd. was sold bySouthern Wine & Spirit of America to Hampshire Global PartnersLLC for $4.3 million or about $56 per sf. Adams represented theseller, and Thomas Monahan of Colliers Houston & Co.represented the buyer.

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