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New York & Tri-State  + New Jersey  + Industrial  |  September 1, 2022
NAI James E. Hanson arranged the sale of an outdoor storage industrial property in New Brunswick, N
Paul Bubny
By: Paul Bubny

NAI Hanson Closes Deal for Outdoor Storage in New Brunswick

NAI James E. Hanson arranged the sale of 5.6 acres of industrial outdoor storage at 703-711 Jersey Ave. in New Brunswick, NJ. Deal terms weren’t disclosed. NAI Hanson’s Russell Verducci and Eric Demmers represented both the buyer and the seller, Ret Industrial. 

Situated in the Jersey Avenue industrial area, 703-711 Jersey Ave is zoned for general industrial use.  The buyer plans to use the property as outdoor storage for trucking containers. 

“As industrial projects across the state move forward, demand for outdoor storage will only grow as available land becomes harder to find,” said Verducci. “Demand has risen to the point where outdoor storage is outpacing the traditional industrial market and it shows no signs of slowing any time soon. The trajectory of the asset classes ensures that owners of suitable properties will continue to be in a highly favorable position should they look to sell.” 

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NAI James E. Hanson

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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