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Industrial building at Rockefeller Group Logistics Center sells for $65.7M
The beauty products company anticipates creating more than 250 jobs
Linda Lindner//July 24, 2019//
Industrial building at Rockefeller Group Logistics Center sells for $65.7M
The beauty products company anticipates creating more than 250 jobs
Linda Lindner//July 24, 2019//
Rockefeller Group, along with joint venture partner PCCP LLC, on Wednesday announced Kiss Products Inc. purchased a 469,600-square-foot distribution building at Rockefeller Group Logistics Center in Piscataway for $65.7 million.
The global beauty company will occupy the property – situated within the 2.2-million-square-foot Rockefeller Group Logistics Center – this summer.
The facility will accommodate Kiss’ growing logistics needs as demand continues to strengthen from its consumer base and national retail partners in the region. Kiss anticipates that through the opening of its new logistics facility it will create more than 250 jobs in Piscataway.
The Cushman & Wakefield team of Jules Nissim, Stan Danzig and Marc Petrella served as the exclusive agent for the developmen and represented Rockefeller Group in the transaction. Kiss was represented by Greg Brown and Tom Kirczow of Piscataway-based NAI DiLeo-Bram & Co.
The acquisition was financed by Citibank, City National Bank and Shinhan Bank America.
