Mahwah, N.J. (August 19, 2015) — NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, announces it has brokered the sale/leaseback of a 119,264-square-foot industrial building located at 1595 MacArthur Boulevard, Mahwah, N.J. to Cabot Properties. NAI James E. Hanson’s Kenneth D. Lundberg, SIOR, Steve Pastor and Patrick Lennon represented the seller, 1595 MacArthur Blvd., LLC in the transaction and negotiated a long-term lease deal to allow Dimensional Communications (“DCI”) to remain in the state-of-the-art facility which currently houses all of its operations.
The building features 100,264-square-feet of warehouse and production space as well as 19,000-square-feet of newly renovated office space. The state-of-the-art facility boasts 25-foot ceilings and a number of advanced systems designed to accommodate DCI’s operations. Situated on a 9.95 acre lot and the property offers 163 free surface parking spaces.
“NAI James E. Hanson was retained by DCI to arrange a sale leaseback, in order to take advantage of the record-high valuations of buildings in this asset class.” said Lundberg. “After receiving several rounds of bids, we selected an institutional buyer, Cabot Properties, based on its competitive offer and its sterling reputation as a landlord.”
The property is located less than one mile from Routes 17, 202, 287 and 87 as well as the New York State Thruway. The Garden State Parkway is approximately 10 minutes away and New York City can be reached in approximately 30 minutes.
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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 400 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 www.naihanson.com.