HomeReal Estate & DevelopmentStone distributor displaced by fire finds new home for regional facility, NAI...

Stone distributor displaced by fire finds new home for regional facility, NAI Hanson says

A marble and stone distributor displaced by a 2020 fire in Englewood Cliffs has found a new home in Teaneck, according to real estate firm NAI James E. Hanson.

NAI Hanson negotiated a 12,876-square-foot industrial lease at 475 Alfred Ave. for EDM USA Inc., which had been located on Bancker Street in Englewood Cliffs before the building was rendered unusable due to fire. The Teaneck location will serve as the international company’s regional warehousing and distribution center.

NAI Hanson’s Kenneth Lundberg, Patrick Lennon, Steve Pastor and Lorenzo Lambiase represented landlord 475 Alfred Ave. LLC in the transaction. Chaus Realty represented the tenant.

“Our understanding of the Bergen County market, coupled with our flexibility and creativity continues to ensure we can provide unparalleled service to clients no matter their real estate needs,” Lundberg said in a prepared statement. “Although the circumstances around EDM USA’s relocation were less-than-desirable, we were happy to work with them to quickly secure a new space that fit their needs and ensure minimal disruptions to their business.”

The property is a 102,045-square-foot, two-story industrial facility that is currently fully occupied. A 31,963-square-foot unit is opening up by year-end, NAI Hanson noted.

Related Articles

Appeals Court ruling allows funding to proceed for Gateway Tunnel project

A U.S Appeals Court declined Feb. 12 to block a lower court’s temporary restraining order, allowing funding to move forward for the $16 billion...

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...

JLL secures $86.2M loan for 355K SF Bridge Point Bayonne

 JLL Capital Markets announced that it has arranged $86.2 million in bridge financing for Bridge Point Bayonne, a newly constructed Class A warehouse and...

Marcus & Millichap announces sale of Hoboken mixed-use building for $3.47 million

Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a mixed-use...

Cushman & Wakefield arranges 2 leases for 180 Park Avenue in Florham Park

Cushman & Wakefield has arranged two leases on behalf of landlord Vision Properties at 180 Park Avenue in Florham Park. These transactions bring the...

NAI James E. Hanson negotiates sale of IOS site in Hillside to PSE&G

NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, negotiated the $4.35 million sale of a 1.2-acre industrial outdoor...

Latest Articles

State Treasury: January major revenue collections stable

The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.399 billion, up $72.8 million, or 1.4% over last...

Appeals Court ruling allows funding to proceed for Gateway Tunnel project

A U.S Appeals Court declined Feb. 12 to block a lower court’s temporary restraining order, allowing funding to move forward for the $16 billion...
00:00:55

Video: Bergen New Bridge Medical Center celebrates emergency department expansion

ROI-NJ was on site as Bergen New Bridge Medical Center officially celebrated the opening of its expanded emergency department with a ribbon-cutting ceremony attended...

Allegiant begins nonstop service from Atlantic City to 2 Florida destinations

Discount airline Allegiant Air began service Feb. 13 from Atlantic City International Airport to two Florida destinations – Punta Gorda and St. Petersburg.  As an...

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...

ROI-NJ: Women of Inspiration – Kelly Crawford, Riker Danzig LLP co-chair

In the legal profession today, women hold more than 50% of private- and public-sector positions. Unfortunately, only 12-25% of law firms have women serving...

Latest Articles

State Treasury: January major revenue collections stable

The Department of the Treasury reported that January revenue collections for the major taxes totaled $5.399 billion, up $72.8 million, or 1.4% over last...

Appeals Court ruling allows funding to proceed for Gateway Tunnel project

A U.S Appeals Court declined Feb. 12 to block a lower court’s temporary restraining order, allowing funding to move forward for the $16 billion...

Video: Bergen New Bridge Medical Center celebrates emergency department expansion

ROI-NJ was on site as Bergen New Bridge Medical Center officially celebrated the opening of its expanded emergency department with a ribbon-cutting ceremony attended...

Allegiant begins nonstop service from Atlantic City to 2 Florida destinations

Discount airline Allegiant Air began service Feb. 13 from Atlantic City International Airport to two Florida destinations – Punta Gorda and St. Petersburg.  As an...

JLL secures $296M financing from Freddie Mac for 5-county multi-housing portfolio

JLL Capital Markets announced that it has secured a $296 million financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey. JLL represented the borrower in...