NAI Hanson brokers lease for tire recycler in Elizabeth

Elizabeth-based NAI James E. Hanson, a commercial real estate firm, announced Tuesday it has brokered an industrial space lease for NJ Rubber LLC in Elizabeth.

NAI Hanson’s Barry J. Cohorsky, LJ Koch and John Schilp represented the landlord at 475 Division St., Tree Realty LLC.

The property at Division Street is a 175,000-square-foot industrial building located near Port Newark Elizabeth. NJ Rubber’s lease consists of 28,900 square feet, five loading docks, 10 trailer spaces and 18-foot ceilings.

The site is within close proximity to Interstates 78 and 95.

“When looking for a tenant for a space like 475 Division St., it is important to take into account the property specifications and location to recognize the best usage,” Cohorsky said.

“The building’s unique accessibility to Port Newark/Elizabeth and several major highways is a perfect fit for NJ Rubber as they travel to and from the Ports on a daily basis. This deal speaks to our team’s ability to recognize the opportunities a flexible location has to offer and securing the ideal tenant on behalf of our client.”