ISN Transitions from Partial Subtenant to Direct Tenant at Terreno-Owned Property
SOMERSET, N.J., August 9, 2018 – Cushman & Wakefield has arranged an 86,000-square-foot, full-building industrial lease at 70 Schoolhouse Road in Somerset. Integrated Supply Network (ISN) has transitioned from a 40,000-square-foot subtenant to occupy the entire property under a direct lease.
Cushman & Wakefield’s Andrew Stypa and Daniel Badenhausen, based in Iselin, N.J., negotiated the long-term transaction on behalf of landlord Terreno Realty Corporation. The team also represented this long-time client in its purchase of the property in 2016. Cushman & Wakefield also represented ISN on behalf of Fischer & Company, ISN’s national real estate advisor.
Founded in 1984, ISN is the nation’s largest independent automotive tool and equipment specialist serving wholesalers and distributors throughout North America and the United Kingdom. The company processes and delivers customized orders anywhere in the U.S. within 24 hours.
“The Somerset facility has proven ideal for ISN as it grows its Northeast customer base,” Stypa said. “It is a Class A building offering excellent loading capacity, high ceilings and the flexibility to accommodate the most sophisticated distribution requirements. Beyond that, it occupies a prime location within New Jersey’s desirable Lower I-287 submarket, proximate to major thoroughfares mid-way along the Boston-to-Washington, D.C. corridor.”
70 Schoolhouse Road is located less than three miles from I-287, providing toll-free access to Northern and Central New Jersey, and Rockland, Orange and Westchester counties in New York. It connects by several direct routes to all five boroughs of New York City, and directly to the New Jersey Turnpike, Garden State Parkway and New York State Thruway.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.