Kenilworth, N.J. – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, negotiated the $3.3M sale of a 1.28-acre industrial outdoor storage (IOS) property, with three buildings totaling 17,040 square feet, located at 400-450 Swenson Drive in Kenilworth, New Jersey. NAI James E. Hanson’s Russell J. Verducci, SIOR, Eric Demmers and Colin Goldstein represented the seller, Fairfield Products Corp., in the transaction.
Strategically located near the Garden State Parkway and Interstates 78 and 95, 400-450 Swenson Drive comprises 1.28 acres of prime IOS space and 17,040 square feet of industrial/flex space across three newly renovated buildings. The property boasts close proximity to Newark Liberty International Airport, Port Newark/Elizabeth, and New York City via the Holland Tunnel.
“We’re continuing to see strong demand from both investors and users for well-located IOS properties in the northern New Jersey market like 400-450 Swenson Drive,” said Verducci. “Our team is pleased to have secured strong value for this asset on behalf of our client, and we wish the buyer all the best with the property.”
To stay connected with NAI James E. Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook, X and LinkedIn.
