NAI James E. Hanson, 349-369 1st St., Elizabeth, NJ
Size: 8.25 Acres
In northern New Jersey’s hyper-competitive industrial real estate market, finding prime last-mile development
opportunities is difficult. However, NAI James E. Hanson’s local market knowledge and experience allowed them to identify an opportunity to acquire an 8.25-acre future development site in the heart of the market on behalf of their client, CenterPoint Properties. Negotiated by NAI Hanson’s Christopher Todd, Scott Perkins, SIOR, Russell Verducci, SIOR, and Eric Demmers, the acquisition will allow CenterPoint to expand their footprint in the red-hot northern New Jersey industrial market through the delivery of a Class A industrial facility geared to the needs of modern industrial users.
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