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New York & Tri-State  + New Jersey  + Industrial  |  October 20, 2021
9 Melanie Lane East Hanover NJ industrial building
Paul Bubny
By: Paul Bubny

Partnership Acquires Three-Building East Hanover Industrial

Cushman & Wakefield arranged the sale of the East Hanover Industrial Center, a three-building industrial park totaling 167,050 square feet. The properties, which are located at 9, 11 and 15 Melanie Ln. in East Hanover, NJ, provide upside through leasing up existing vacancy and marking rents to market as leases expire. 

Cushman & Wakefield’s Gary Gabriel, Kyle Schmidt, David Bernhaut, Ryan Larkin and Max Helfman represented the seller, Terreno Realty, in the transaction. Barings & Vision Real Estate Partners acquired the property for an unknown sum. 

“The East Hanover Industrial Center offers highly sought-after shallow bay space that caters to a wide variety of occupiers,” said Gabriel. “Its location offers momentary access to affluent suburban Essex and Morris County and the 10 million consumers within an hour drive.” 

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Inside The Story

Cushman & Wakefield's Gabriel

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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