NAI James E. Hanson announced that it has negotiated the $3.3 million sale of a 1.28-acre industrial outdoor storage (IOS) property, with three buildings totaling 17,040 square feet, located at 400-450 Swenson Drive in Kenilworth.
NAI James E. Hanson’s Russell J. Verducci, SIOR, Eric Demmers and Colin Goldstein represented the seller, Fairfield Products Corp., in the transaction.
Strategically located near the Garden State Parkway and Interstates 78 and 95, 400-450 Swenson Drive comprises 1.28 acres of prime IOS space and 17,040 square feet of industrial/flex space across three newly renovated buildings.
Additionally, the property boasts proximity to Newark Liberty International Airport, Port Newark/Elizabeth and New York City via the Holland Tunnel.
“We’re continuing to see strong demand from both investors and users for well-located IOS properties in the Northern New Jersey market, like 400-450 Swenson Drive,” said Verducci. “Our team is pleased to have secured strong value for this asset on behalf of our client, and we wish the buyer all the best with the property.”
