New Providence, N.J. (March 6, 2019) – NAI James E. Hanson announces it has negotiated a lease for 7,791 square feet of industrial space at 140 Spring Street, Unit C in New Providence, N.J. NAI James E. Hanson’s Barry Cohorsky, SIOR, represented the landlord, Davanne Realty Co & 19-25 Columbia Street Corp in the NAI James E. Hanson exclusive transaction with Untied Brewing.
The 7,791-square-foot space at 140 Spring Street, a 66,000-square-foot industrial building, will encompass a full production brewery as well as a tasting room for those hoping to enjoy a beer on site. The space is well-situated less than a mile from the Murray Hill NJ Transit station as well as Interstate 78 and Route 22 and boasts ample parking which provides patrons with easy access to the building.
“The explosive growth of microbreweries has placed additional demand on the flex/industrial pipeline across the state,” said Cohorsky. “These breweries are often in the market for well-located, modern and flexible spaces with needs similar to those of more traditional industrial users, which has allowed landlords to market these spaces to an even wider audience and attract a premium price in the market. We were happy to work with our client on this deal to help them attract an exciting, long-term tenant to their space and bring a unique gathering place to New Providence.”