NAI James E. Hanson helped facilitate a lease of a 0.77-acre lot at 35-47 Lewis Ave. in Jersey City, according to a Wednesday announcement.
NAI Hanson’s Andrew Somple represented the tenant, Veolia Water Contract Operations USA, and Hanson’s Jonathan Kristofich represented the landlord, Lewis Ave Holdings, in the transaction.
35-47 Lewis Ave. is a 0.77-acre level, flat lot with new pavement and fencing near the Tonnelle Avenue traffic circle, Routes 1, 9, 139 and 440 and Interstate 280, as well as the New Jersey Turnpike. Featuring an electric gate, the site also contains an existing 3,000-square-foot service garage on the north side of the property.
Hoping to capitalize on the high demand for heavy industrial lots in prime locations such as Jersey City, the landlord tapped NAI Hanson as the exclusive broker for the property. Working with its extensive list of local contacts, the firm secured a match between the landlord and Veolia Water Contract Operations USA. The tenant intends to use the property for its field operations in Jersey City.
“Due to the nature of their work, Veolia needed a Jersey City location, and Lewis Street satisfied that requirement,” Somple stated. “In these situations, location is a key factor as tenants want to find space that has easy access to the major routes within the area they’re operating in. We’re happy to have used our resources to find a quality match between landlord and tenant.”