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PARSIPPANY, N.J, NOVEMBER 11, 2009 - NAI James E. Hanson, a leading New Jersey-based commercial real estate firm has been recently selected as the exclusive sales agent for an 85,109 square-foot industrial building, located at 60-80-100 Willow Street, East Rutherford, New Jersey. NAI Hanson's Joshua Levering, Senior Vice President, is spearheading the marketing of this property on behalf of the owner, Kessler Development. "In today's challenging economic climate, there are many properties available for sale. Only the smart and savvy investors understand how to take advantage particularly in the commercial real estate marketplace, where rental rates have trend downward and vacancy rates have risen in many markets across the country," commented Mr. Levering. "This particular industrial property attributes are location, terms and price and it offers a tremendous investment or occupant opportunity for the right buyer. Given its strategic location in East Rutherford, 60-80-100 Willow benefits from its proximity to the area's main thoroughfares, the Ports of New York and New Jersey, as well as its easy access to the airports. The building has tremendously low operating expenses and is currently the best deal in the meadowlands market." 60-80-100 Willow is an 85,109-square-foot industrial building on 2 acres. 60 Willow Street is a 56,881-square-feet section, with about 10 percent office that will be available in early 2010. This space can be used or re-rented by new ownership. Two other units, 80 and 100 Willow are leased on a long-term basis. The property features eight tailgates with 1 interior loading area and a side loading door. It is the former headquarter property for Hoboken Floors Company and each occupied unit has it's own mechanicals and utilities. Levering continued, "We have had the property on the market for a very short period and are already experiencing a lot of interest. We have priced the property aggressively and as a once in a lifetime investment opportunity for the right buyer. We are working close with ownership (Kessler) and our comprehensive knowledge of the market and the depth of our services is tremendously beneficial to buyers." About NAI James E. Hanson Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise. NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 325 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company's Hackensack office at 201-488-5800 or visit http://www.naihanson.com/.
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