Harrison and Kearny, NJ — NAI James E. Hanson announced the $156.3M sale of a six-property, 48.7-acre industrial outdoor storage (IOS) portfolio located in Harrison and Kearny, NJ. NAI James E. Hanson’s Scott Perkins, SIOR, CCIM, Christopher Todd, SIOR, and William Ericksen, CCIM represented the buyer, Ambient Capital Partners, in the transaction.
The portfolio comprises 310 Manor Ave., 505 Manor Ave., 401 Supor Ave. and 500 Supor Ave. in Harrison and 129 Sanford Ave. and 433 Bergen Ave. in Kearny. Situated less than 10 miles from Port Newark Elizabeth, the portfolio offers exceptional regional connectivity through Rte. 280 and the NJ Tpke.
“As a vital component of our increasingly complex global supply chain, the industrial outdoor storage market continues to experience strong institutional demand, especially in supply-constrained areas like northern New Jersey,” said Todd. “The limited availability of space makes transactions of this scale exceptionally rare, and we were thrilled to collaborate closely with our clients to successfully close this complex deal and help them achieve their real estate goals.”