EDISON, NJ —Cassidy Turley negotiated the saleand lease of a 63,000 square-foot warehouse at 930 NewDurham Road in Edison, NJ. The buyer, DCTindustrial Trust, plans to upgrade the property, which TheLennox International Group has leased as a warehouse for pettreats.

|

Cassidy Turley executive managing directorChuck Fern and vice president JasonBarton represented DCT, which was ledinternally by Tom Tucci, senior vice president,and the seller, Dweck 30th/Inc. Fernand Barton also negotiated the lease with Lennox.

|

DCT will upgrade the 63,613 square foot,freestanding building that features 22' ceilings and nine tailgatedocks. New office spaces will be added and lighting upgrades andother exterior and interior improvements will be implemented tomeet the new tenant's needs. Lennox leased thefacility to expand its East Coast distribution.

|

“Our longstanding relationship with DCT IndustrialTrust enabled us to match the right investment thatcomplements the existing portfolio as well as secure a tenant likeLennox that wanted to expand distribution in this key industrialmarket,” says Fern.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 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.

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].