NAI Hanson’s Levering, Somple, DePaolera Complete Sale of 15,700-Square-Foot Flex Building in Elmwood Park, N.J.
Deal Showcases Strong Demand for 10k-20k-Square-Foot Industrial Buildings in Bergen County
Elmwood Park, N.J. (December 21, 2017) – NAI James E. Hanson, a leading New Jersey based full-service independent commercial real estate firm, announces the sale of a 15,700-square-foot industrial/flex building located at 20 Bushes Lane in Elmwood Park, N.J. N.J. NAI Hanson’s Joshua Levering, SIOR, and Nicholas DePaolera represented the seller, RN Foster Associates LLC, in this transaction and the buyer, 20 Bushes Lane, LLC was represented by NAI James E. Hanson’s Andrew Somple, SIOR.
The sale of 20 Bushes Lane is the latest deal negotiated by NAI James E. Hanson on behalf of RN Foster Associates. NAI James. E. Hanson’s long-standing relationship with RN Foster Associates extends over a decade with the brokerage team negotiating several deals on behalf of the client. Most recently, the brokerage team negotiated a deal to sell 10 Bushes Lane, a 9,963-square-foot industrial building, on behalf of RN Foster Associates earlier this year.
Completely renovated in 2015, 20 Bushes Lane is a first-class flex building with recent improvements that included makeovers of utilities, roof, mechanicals and a complete interior renovation. 20 Bushes Lane is a 100% air-conditioned building including with 2 loading docks, each with heavy lift levelers and ample parking. The building is located with immediate access to I-80 and the Garden State Parkway. The buyer will use the facility to manufacture valves and regulators. “It is an ideal acquisition for the buyer because the new occupant is relocating from their existing facility in nearby Garfield and this building had many of the features that were required,” said Somple.
“The strength of our long-term relationships is a unique differentiator for our team at NAI James E. Hanson. We want to build relationships on a foundation of consistent, superior client service,” said Levering. “By emphasizing a hands-on and engaged approach when working with clients, big or small, we have been able to forge lasting business relationships such as this. The trust clients place in us when we represent them enables us to efficiently and creatively market properties in high-demand marketplaces like Bergen County.”
NAI James E. Hanson’s industrial team recently published their Q3 2017 Northern and Central New Jersey Industrial report, which highlights market trends and key data for industrial space throughout the region. To stay connected with NAI James E Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook (www.facebook.com/NAIHanson), Twitter (@NAI_Hanson), and LinkedIn (www.linkedin.com/company/nai-james-e-hanson).