July 26, 2019
Global beauty company Kiss Products has purchased a 469,600-square-foot distribution building at Rockefeller Group Logistics Center in Piscataway, N.J. for $65.7 million. The Port Washington, NY-based company will consolidate from four Long Island distribution facilities to Piscataway.
“This latest transaction with Kiss is demonstrative of the market’s appetite for well-located industrial development in New Jersey, and is a further testament to the quality of next-generation product that we’re building in Piscataway,” said Rockefeller Group’s Heath Abramsohn.
Cushman & Wakefield’s Jules Nissim, Stan Danzig, and Marc Petrella represented Rockefeller Group, which is partnering with PCCP LLC on the development. Kiss was represented by Greg Brown and Tom Kirczow of NAI DiLeo-Bram & Co. The acquisition was financed by Citibank, City National Bank and Shinhan Bank America.
Earlier this year, Rockefeller Group sold two fully-leased distribution centers in Rockefeller Group Logistics Center to DWS Group’s real estate platform.
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