NAI Hanson negotiates 24,057 sq. ft. industrial lease in Meadowlands

NAI James E. Hanson negotiated a new lease with Marmiro Stones for 24,057 square feet of industrial space in East Rutherford, according to a Wednesday announcement.

Located at 99 Murray Hill Parkway and situated on 8.4 acres in the heart of the Meadowlands, the asset is a 142,624-square-foot industrial building located just south of MetLife Stadium. Marmiro Stones, which sources premium stone for its customers from its family-owned quarries in Turkey, will utilize the 24,057 square feet of space to support its global distribution and warehousing needs. The area includes two tailgates, four drive-ins, 28-foot ceilings and 935 square feet of office space. The property is also professionally managed by NAI James E. Hanson Property Management Group.

NAI Hanson’s Kenneth Lundberg, Steve Pastor, Patrick Lennon and Lorenzo Lambiase represented the landlord, 99 Murray Hill Parkway Inc., in the transaction.

“The competition within the Meadowlands market remains at an all-time high,” Lundberg said. “With such little new development in the area, high-quality industrial spaces like 99 Murray Hill Parkway stand out to a wide range of businesses. This deal truly reflects our understanding of the market, and we are thrilled to welcome another quality tenant to the property on our client’s behalf.”