NAI Hanson’s Castro Negotiates 4,441-Square-Foot Industrial Sale in Carlstadt, N.J.
Carlstadt, N.J. (November 28, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has brokered the sale of a 4,441-square-foot industrial building at 225 Broad Street in Carlstadt, N.J. NAI Hanson’s Pablo Castro along with co-brokers Jeff Volpi and Eric Lewin of Team Resources SBWE represented the buyer, 225 Broad St. LLC, in the transaction with seller, Centron Technologies.
The property was purchased by a pet cremation company that had recently received approval from the New Jersey Sports and Exposition Authority to operate their business in the Meadowlands. 225 Broad Street is a two-story industrial building constructed in 1985 in close proximity to Routes 3, 21, 46 and the New Jersey Turnpike. The building’s two drive-ins and 18’6” ceilings and 1,682 square feet of office space made it an ideal location for the buyer’s business.
“Obviously this deal came with significant regulatory hurdles and required the steady hand of an experienced and knowledgeable real estate team to successfully execute it,” said Castro. “This sale highlights the importance of choosing a broker with experience in negotiating difficult or complex deals in the Meadowlands market. The buyer was able to leverage our team’s decades of experience in the market to find a new home for their business that met their exact specifications.”
NAI James E. Hanson has recently published its 3Q 2017 Meadowlands Industrial report, which highlights market trends and key data. 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).