It’s funny how the final closed deal can be simultaneously the most satisfying yet anticlimactic part of the dealmaking process. We say it every time.
You’ve worked for months, you’ve hit every high and low, dealt with whatever issues imaginable…it’s usually some sort of a roller coaster.
By the time it closes, the works been done, the adrenaline has tapered, and you’re well into the “onto the next” mentality. You start to remember some of the key milestones of the deal, you’ve got a level of satisfaction…but for me, it just doesn’t hit the same as the day the final LOI has been accepted, or when the PSA is signed and going into DD. It doesn’t match the adrenaline going into an environmental call to hash out language to satisfy the outside consultants. Or the development call where the budget numbers hit and you start feeling like the project can move forward.
Feels like there is an analogy for life in general in here like “Sometimes it's the journey that teaches you a lot about your destination”.
Anyway, here’s our recent closed deal announcement in Linden NJ.
50,000 sf of class A space with superior functionality and location. Outperformed lease-up timing expectations, landed premium rates, following trend of the sub-3.5% vacancy stats for 50,000 sf and under.
Great tenant in Del Corona & Scardigli U.S.A., can’t wait to see them thrive (and hopefully expand into the adjacent unit in a few years!).
Feel free to reach out anytime to discuss the market.
The Metz Industrial Group of Bussel Realty Corp today announced its leased 50,000 square feet at 1805 Lower Road in Linden, New Jersey, a 100,000-square-foot industrial building, to Del Corona & Scardigli.
Jordan Metz, senior vice president, Benito Abbate, senior associate, and James Friel, sales associate, of the Metz Industrial Group of BRC represented the landlord, Linden Warehouse & Distribution, in the transaction.
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1moCapRock Partners great opportunity, congrats!