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| Meadowlands Industrial Portfolio |
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| Jose Cruz |
FLORHAM PARK, NJ – HFF announced it has closed the sale of
an eight-property, fully leased industrial portfolio totaling 420,244 square
feet in the Meadowlands submarket of New Jersey.
HFF
marketed the portfolio exclusively on behalf of the seller, Wilson
Associates.
The portfolio is located at 325, 425, 521 and 599 Gotham
Parkway; 193, 194 and 320 Veterans Boulevard; and 300 Chubb Avenue in
Carlstadt, close to the New Jersey Turnpike/Interstate 95, the Newark Liberty
Airport, Port Newark/Elizabeth and Midtown Manhattan, which is less than 10
minutes away.
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| Michael Nachamkin |
Each warehouse/distribution facility is fully leased to a
single tenant. Tenants include H Mart,
Glasscrafters, EMR Graphics and Tribeca Oven.
The
HFF investment sales team representing the seller was led by senior managing
directors Jose Cruz, managing directors Michael Nachamkin and Kevin
O’Hearn and real estate analyst Marc Duval.
“The
Meadowlands industrial submarket, one of New Jersey’s top industrial
submarkets, has experienced a very active leasing environment as of late with
rental rates trending upward, boding well for properties such as this portfolio
of well-located quality assets,” said Nachamkin.
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| Michael O'Hearn |
A full service real estate organization, Wilson Associates
is a developer and owner/manager of industrial, retail and office projects in
northern New Jersey.
The company is one of the largest developers of Meadowlands
commercial projects and is an investment builder that retains ownership of its
properties and directs all operations in connection with development,
financing, construction, leasing, property management, maintenance and
engineering activities.
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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