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.

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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.

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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.

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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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