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NAI Hanson Closes Deal for Northern NJ Industrial
NAI James E. Hanson negotiated the sale of a 152,000-square-foot industrial building at 55 E. 6th St. in Paterson, NJ. The firm’s Russell J. Verducci and Eric Demmers along with Hanna Commercial Real Estate represented the seller, Kirker Enterprises, Inc. The buyer was 55 East 6, LLC.
Located on three acres, 55 E. 6th features four drive-ins, 12 loading docks and 14’-22’ ceiling heights throughout. The property is located near Interstate 80 and Route 208 as well as the Paterson train station.
“Industrial properties have long been a lucrative asset within an investment portfolio,” said Verducci. “In the current market, we’re continuing to see buyers aggressively pursue properties within Northern New Jersey’s industrial market to capture the continued price-per-square-foot increases seen over the past several years.”
- ◦Sale/Acquisition