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Transaction Total:
$1.6 billion
Winners:
Rob Kossar
Company:
JLL
Award Highlights:
  • Head of JLL’s Northeast Industrial Region
  • Team handles complex transactions on both the sales and leasing sides

Led by international director Rob Kossar, the markets business team within JLL’s Northeast Industrial Region has a longstanding history personally and professionally. Each team member’s specific role and strengths have helped create and maintain a dynamic synergy which is reflected in their client relationships and successful completion of complex transactions on both the sales and leasing sides.

Notable transactions for 2020 would include the leasing of a 1.2-million-square-foot, multi-story industrial build-to-suit in Queens, NY. Reportedly it’s the first multi-story development of this scale in New York City. The JLL team partnered with LBA Logistics and RXR Realty on this development and handled full leasing efforts. The facility was fully leased to a large undisclosed e-commerce retailer, achieving high watermark rates never before seen for industrial purposes. JLL was also ultimately awarded the debt and equity assignment.

Another notable transaction for 2020 was a sale completed in Florence, NJ. 270 Daniels Way was a short-term sale-leaseback of a 721,000-square-foot industrial facility on behalf of Christmas Tree Shops, a subsidiary of Bed Bath & Beyond. The opportunity presented buyers with the ability to expand the existing footprint by 300,000 square feet, which will leave 270 Daniels Way with limited competition of this scale.

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About the Author

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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