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BRANCHBURG, NJ-Two tenants have signed three industrial leases totaling more than 108,000 sf along Evans Way in this Somerset County township’s industrial park. The two buildings are owned by separate local partnerships, and all three deals were arranged by CBC Feist & Feist Realty of Roseland.

At 220 Evans Way, a 69,700-sf one-story building, warehouse storage company Pack-Rat Inc. has signed a five-year lease for 38,000 sf. The space had been listed with an asking price of $6 per sf, and the lease carries an aggregate value of $1.1 million, which factors out to that asking price. CBC broker John Adams represented landlord 220 Evans Way LLC; the tenant was represented by Connor Faught of the Washington, DC office of GVA Advantis.

And at the nearby 211 Evans Way, Pedowitz Machinery Movers of NJ has signed two separate leases that effectively fill the 72,500-sf building. The first is a seven-year deal for 36,090 sf that aggregates to $1.5 million, which factors out to approximately $5.9 per sf. CBC Feist & Feist’s Adams represented both the tenant and 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 an aggregate 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 sale negotiated by Adams, also in Branchburg. In that case, the 77,000-sf industrial building at 47 Readington Rd. was sold by Southern Wine & Spirit of America to Hampshire Global Partners LLC for $4.3 million or about $56 per sf. Adams represented the seller, and Thomas Monahan of Colliers Houston & Co. represented the buyer.

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