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| Michael Nachamkin |
FLORHAM PARK, NJ – HFF announced it has closed the $29
million sale of the leasehold interest at 1 Emerson Lane, a
340,000-square-foot light industrial property in Secaucus, New Jersey.
HFF
marketed the property exclusively on behalf of the seller, Trinity Place
Holdings, Inc. (“Trinity”).
1
Emerson Lane (also known as 1 Syms Way) is situated on an 18.64-acre site in
the Meadowlands submarket less than five minutes from the New Jersey Turnpike;
Routes 1, 3, and 9; and Interstate 495.
Originally constructed in 1978 and expanded in 1996, the property also
includes 35,712 square feet of two-story office space. The building was sold vacant.
The HFF investment sales team
representing Trinity was led by managing director Michael Nachamkin
along with associate director Steve Simonelli.
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| Steve Simonelli |
Trinity currently has significant real estate holdings in
three states, and a variety of consumer-sector intellectual property
rights.
Trinity’s assets include real
estate holdings in such strong markets as Westbury, New York; Paramus, New
Jersey; West Palm Beach, Florida; and “Trinity Place,” one of lower Manhattan’s
premier development sites.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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