NAI James E. Hanson on Tuesday announced it brokered the sale of a 12,000-square-foot industrial building in Linden.
Hanson’s Scott Perkins, Chris Todd and William Ericksen represented the buyer, Realterm, in the transaction with Valley Real Estate.
Located at 975 E. Linden Ave., the property is a 28-door cross-dock truck terminal situated just off of Route 9 on a 1.61-acre site. It is located less than two miles from the New Jersey Turnpike and less than 10 miles from the Port Newark Container Terminal.
“This property is located proximate to the Port of Newark and has efficient loading that enables high flow-through users to quickly move freight through the supply chain,” Mitch Arthur, investments associate, Realterm, stated. “This is a continuation of our strategy of acquiring well-located high flow-through facilities in key transportation markets.”
Realterm is a vertically integrated owner and manager of high flow-through logistics facilities serving the transportation industry. Aiming to grow its multimillion-square-foot portfolio of final mile distribution, cross-dock, transload, intermodal, secure storage and truckload properties in the New Jersey market, the company worked closely with Perkins, Todd and Ericksen to facilitate the acquisition.
“At the core of our team’s success stands a time-tested ability to leverage our local expertise to drive results on behalf of our clients,” Todd stated. “Even though finding industrial properties in the current market can be difficult, we were once again able to help a client achieve their real estate goals and enhance their portfolio in the New Jersey market.”