NAI James E. Hanson negotiates $8.8M sale of cold storage facility in 1031 exchange

Fairfield, NJ & Dallas, TX — NAI James E. Hanson negotiated the $8.8 Million sale of a 20,000 s/f cold storage facility located at 4910 Joseph Hardin Dr. in Dallas, TX. The transaction was completed as part of a 1031 exchange following the recent sale of 8 Evans St. in Fairfield, NJ.

NAI James E. Hanson’s Michael Walters, SIOR, executive managing director, Corporate Services, and Cameron Silverstein, associate VP, represented the buyer, Anderson & Vreeland Realty Corp., in the transaction with the seller, CanTex Capital. NAI Robert Lynn principal Chase Miller, SIOR, assisted with the 1031 exchange.

“The coordination across markets and firms was essential to meeting the strict timelines required for a 1031 exchange,” added Silverstein. “This transaction underscores the value of having experienced advisors who understand both the technical requirements of tax-deferred exchanges and the nuances of specialized industrial assets.”