18C — May 30 - June 12, 2014 — Industrial / Distribution Centers — M id A tlantic
Real Estate Journal
NAI J ames E. H anson
DeMagistris & Vetter of NAI Hanson represent seller NAI James E. Hanson announces sale of five industrial buildings totaling 147,000 s/f C tract companies seeking space in the Meadowlands submar- ket. Two of the five buildings are currently occupied.
ARLSTADT, NJ — NAI Hanson , a New Jersey-based com- mercial real estate firm, an- nounced it represented R.J. Purcell Associates in the sale of five industrial buildings located on Barell Ave. in Carl- stadt. The NAI Hanson team of vice president Jeffrey DeM- agistris, SIOR , vice presi- dent Thomas Vetter, SIOR and associate Nicholas Her- rick oversaw the transaction on behalf of the seller. The new owner, Sitex, plans to modernize the buildings and repositioning them to at-
“It’s incredibly rare to have an opportunity to purchase an entire portfolio of properties in the ever-tightening Mead- owlands industrial market,” Vetter said. “The new owner has a history of repositioning older industrial facilities to make them more attractive to a wider range of tenants. Companies seeking industrial space close to New York City will surely be attracted to the renovated buildings.” NAI Hanson has been re-
472 Barell Ave., Carlstadt, NJ
tained by Sitex to oversee leasing of the facilities, which range in size from 23,400 to 39,832 s/f. The properties of- fers easy access to Routes 3 and 17, as well as the New Jersey Turnpike. n NAIHanson’sPerkins receives award for 134,790 s/f lease PARSIPPANY, NJ — NAI James E. Hanson announced that theMorrisCountyChamber
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of Commerce recently hon- ored manag- ing director Scott Per- kins, SIOR , with its Real Estate Award in the “Indus- t r i a l / F l e x ” category.
Bestowed during the Cham- ber’s 22nd Annual Partners in Economic Development Award Luncheon, the award recognizes Perkins’ coordination of a full- building lease at 701-705 Jeffer- son Rd., a 134,790 s/f industrial facility located in Parsippany. Perkins represented the prop- erty’s landlord, Jofra Realty , while Cushman & Wakefield associate director of brokerage Bonni Heller represented the tenant, Hudson News Distribu- tors. “There were many important real estate transactions com- pleted inMorris County in 2013, so I’m extremely honored that the Chamber chose to recognize my work at 701-705 Jefferson Road in Parsippany,” Perkins said. “I’d like to thank everyone who was involved inmaking this deal happen. At NAI Hanson, we pride ourselves on our deep understanding of themarkets in which we’re active.” n
At NAI James E. Hanson, we know the value of teamwork. We take pride in working as a team. Our people value one another. We draw on each others’ strengths. That’s why we regularly partner on projects to build on each others’ expertise. That kind of interaction is uncommon in our industry, yet it happens every day at NAI James E. Hanson.
235 Moore Street Hackensack, NJ 07601 201 488 5800 naihanson.com
1140 Parsippany Blvd Parsippany, NJ 07054 973 463 1011
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