NAI Hanson negotiates sale of industrial/flex building in Elmwood Park

NAI James E. Hanson, a commercial real estate firm based in Teterboro, announced on Wednesday it has completed the sale of an industrial/flex building  Elmwood Park.

The 16,000-square-foot building is located at 55-57 Bushes Lane.

NAI Hanson’s Josh Levering and Nick DePaolera represented the seller, RN Foster Associates LLC. Mission Realty represented the buyer, Bushes Lane Realty Corp.

“55-57 Bushes Lane is a 16,000-square-foot first class, free-standing, flex warehouse and manufacturing building situated on 0.70 acres. Included was about 3,500 square feet of first-class office space that was fully renovated in 2015.  Building features include platform loading with drive-in capabilities, ample parking, air conditioning throughout and very heavy power. Bushes Lane is an ideal park-type setting that includes other businesses including hi-tech, pharma, construction and other alike businesses,” Levering said.

Levering said the property provides immediate access to routes 80, 46, 21 and 208 as well as the Garden State Parkway.

“Throughout our 20-plus year relationship we’ve established a meaningful partnership that has enabled NAI to become trusted advisors and work with RN Foster Associates on numerous transactions together. Our commitment to providing superior client service coupled with our deep local market knowledge allows the collaborative service of experts with varying expertise to enhance and create tailored real estate solutions that are unique to their needs,” Levering said.