NAI Hanson Arranges Long-Term Industrial Lease in Exclusive Listing to Help Toy Manufacturer Expand in East Rutherford, N.J.
East Rutherford, N.J. (November 16, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced it has negotiated a lease for 26,900 square feet of industrial space to Goffa International Corp. at 235 Murray Hill Parkway in East Rutherford, N.J. NAI Hanson’s Jeffrey DeMagistris, SIOR, and Thomas Vetter, SIOR, represented the landlord, ALJ Property, LLC, in the NAI James E. Hanson exclusive listing.
235 Murray Hill Parkway is a single-story 26,900 square-foot industrial space with 2,229 square feet of newly constructed office space, 16’ 10” ceilings, two interior loading docks and 30 parking spaces. The property is located just west of MetLife Stadium and offers excellent accessibility to the New Jersey Turnpike and New York City via the George Washington Bridge and Lincoln Tunnel as well as Routes 3, 17, and 120.
Founded in New York in 1981, Goffa International has been a worldwide market leader in producing plush toys for kids and pets. With continued high demand for their products, Goffa was searching for an additional warehousing and distribution facility nearby their current location in East Rutherford that would enable them to continue to fill orders. 235 Murray Hill is located directly across the street from their current headquarters and will enable the company to continue to grow and remain a significant economic contributor to East Rutherford.
“East Rutherford’s ideal accessibility and stock of quality industrial product continues to be a large draw for new companies or, in this case, established companies looking to expand their operations,” said DeMagistris. “Sustained high demand and a constricted supply of industrial space in the Meadowlands has created an opportunity for owners of existing properties like ALJ Property. The current market and our experience with the Meadowlands market and industrial product enabled our team to negotiate a long-term lease with an established tenant on behalf of our client.”
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).