NAI Hanson secures tenant for 44,560 s/f industrial space
RAMSEY, NJ — NAI Hanson, a leading New Jersey-based commercial real estate firm, announced that it has facilitated the lease of 44,560 s/f at 565 Crescent Ave. in Ramsey.
Senior vice president Kenneth Lundberg, SIOR and NAI Hanson sales associate Patrick Lennon marketed the space and managed the transaction on behalf of the industrial property’s owner, West Essex Industrial Park LLC, and managed by the David Cronheim Company. Glebar was represented by Craig Engelhardt of Savills Studley in the transaction.
The new tenant, which had outgrown its previous location, leased the single tenant facility in order to take advantage of its ideal location, less than one mile from Rte. 17 and minutes from I-287. The company was also attracted to the building’s features, including five tailgates and one drive-in loading dock. The building has 9,400 s/f of office space in prime condition, is fully air conditioned and has a very heavy power distribution grid which was important to Glebar’s operations.
“This building, with its location and its combination of office space, large floor area, and shipping/receiving features made it an ideal solution for light manufacturing, operations and corporate management,” Lundberg said. “We were pleased to draw Glebar Corporation to our client’s space and facilitate this lease.”
HACKENSACK, NJ — NAI James E. Hanson announced the promotion of four of its executives. Four brokers will hold senior vice president positions within the company.
Barry Cohorsky, SIOR has negotiated more than 16.5 million s/f in transactions over the course of his 24 years in commercial real estate. He has a proven track record in identifying market opportunities, developing client relationships, negotiating lease terms and executing sale/lease contracts with commercial clients.
Jeffrey DeMagistris, SIOR specializes in the Meadowlands submarket as a member of the Industrial Brokerage Council at NAI James E. Hanson. He has successfully represented multiple office and industrial landlords such as Russo Development, Sitex Group, and The Hampshire Companies.
Thomas Vetter, SIOR has delivered outstanding results in his representation of several prominent Meadowlands landlords including Coining, Inc., Sitex Group, SourceOne Worldwide, The Pepsi Bottling Group and InterCept Inc.
Hal Messer, MSRE leads acquisition and disposition efforts on behalf of local and national corporations. He has completed transactions totaling over $750 million.
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