NAI Hanson negotiates industrial lease in Carlstadt

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NAI James E. Hanson, a commercial real estate firm based in Hackensack, announced Monday it has negotiated a full building lease for an industrial property in Carlstadt.

The 40,000-square-foot building at 223 Veterans Blvd. will be leased by NIS CP Corp.

Kenneth Lundberg and Patrick Lennon of NAI Hanson represented the tenant, NIS CP. John Friedland of Unity Realty Advisors represented the landlord, Sitex Group, in the deal.

Sitex acquired the property in 2017 to renovate it and meet the demands of small- and medium-sized industrial users. Updates included renovations to the property’s 5,000 square feet of office space and adding warehouse lighting.

“We have seen demand for small- and medium-sized industrial product continue to drive leasing velocity in the Meadowlands submarket,” Lundberg said. “Flexible spaces like 223 Veterans Blvd. can meet the space needs of a wide variety of tenants and are increasingly in short supply throughout the market. We were happy to work with the Sitex Group, one of the area’s premier industrial owners, to effectively market the building and secure a high-quality tenant for our client.”