14B — July 15 - 28, 2016 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N ew J ersey Brokers a full building lease to Premier Packaging Products Inc. NAI Hanson closes sale of 45,912 s/f medical office building in Hackensack
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situated between I-80 and the Hackensack River, providing easy access to Rtes. 17 and 46 as well as The New Jersey Turnpike. The NJ Transit bus stop and train station located just a short walk away makes the property easily commut- able to New York City. Ample covered parking and its close proximity to Hackensack Uni- versity Medical Center make it an ideal location for doctors and patients alike. “With approximately fifty- percent vacancy at the time of closing, 155 Polifly Rd. provided the buyer with an en- ticing value-add opportunity,”
A C K E N S A C K , NJ — NAI James E. Hanson , a New
Jersey-based full-service in- dependent commercial real estate firm, announced the brokering of the sale of a 45,912 s/f medical office build- ing located at 155 Polifly Rd. in Hackensack. NAI Hanson’s RandyHorning and Darren Lizzack , represented the sell- er, Polifly Plaza Associates, LLC, and the buyer, Polifly Group, LLC was represented by NAI Hanson’s Anthony Cassano . 155 Polifly Rd. is a three- story medical office building
155 Polifly Rd., Hackensack, NJ
482 Barell Ave., Carlstadt, NJ
said Cassano. “We are con- tinuing to see higher demand for medical office spaces in the Hackensack market and
this value-add opportunity is a perfect example. As the healthcare industry moves to a wellness model meant to
keep people healthy and out of the hospital, we expect well- located medical office space to remain competitive with investors and tenants.” Hackensack University Medical Center currently oc- cupies the first floor, leaving 20,269 s/f available for new tenants. The third floor is cur- rently vacant, offering 15,000 s/f of contiguous office space with New York City views. CARLSTADT, NJ — NAI James E. Hanson announced it has brokered a 36,652 s/f, full building lease to Premier Packaging Products Inc. for an industrial building located at 482 Barell Ave. in Carlstadt. NAI Hanson’s Jeff DeMag- istris, SIOR and Tom Vet- ter, SIOR represented the owner, Sitex Group , in the transaction. Jeff Chaus of Chaus Realty represented the tenant. Premier Packaging Prod- ucts Inc., a paper, foodservice, and janitorial product suppli- er will relocate fromBrooklyn. With 16 foot ceilings, six load- ing docks, wide column spac- ing, and a newly renovated exterior, 482 Barell Ave. is the ideal location for the paper good company to relocate their warehouse operations. The 36,652 s/f building includes 2,400 s/f of office space. “Companies continue to mi- grate to northern New Jersey fromNew York due to compet- itive leasing rates and terms and its excellent location and access to major roadways and transportation,” said DeMagistris. “Northern New Jersey offers a variety of space solutions for industrial users coming from New York and looking to lower their lease rates while still having ac- cess to major area roadways. Sitex’s ability to ensure 482 Barell Avenue’s availability for immediate occupancy was also attractive to the tenant, allowing their relocation pro- cess to be expedited.” n
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