Saturday, June 14, 2014

HFF closes $29 million sale of leasehold interest in Secaucus, NJ


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.

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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