NAI James E. Hanson on Monday said it negotiated the sale of a 26,112-square-foot industrial building in Carlstadt.
NAI Hanson’s Thomas Vetter, Jeffrey DeMagistris, Scott Perkins, Chris Todd and William Ericksen represented the seller, 455 Barell LLC, in the transaction with the buyer, Southpeak Group.
Located at 455 Barell Ave., the building offers 3,000 square feet of office space, 16-foot ceiling heights, three loading docks, 29-by-31-foot columns, a wet sprinkler system and 19 parking spaces. It is strategically positioned within the heart of the Meadowlands and has close proximity to Routes 3, 17 and 46, Interstate 80 and the New Jersey Turnpike.
The seller tapped NAI Hanson to market the property for sale to capitalize on the region’s competitive industrial real estate market. The buyer had been looking to invest in the northern New Jersey industrial market and was immediately interested in 455 Barell Ave. due to its location within the Meadowlands and ideal investment potential. Additionally, NAI Hanson Management will handle management of the building moving forward.
“Demand continues to surge for quality industrial properties in northern New Jersey’s competitive market,” Vetter said. “Within this market, properties like 455 Barell with premium access to the Port and Meadowlands submarkets continue to stand out. The owners of these properties remain in a strong position to maximize their assets’ values and we continue to be proud to provide the resources that sellers need to act quickly and decisively to capitalize on the current market.”