January, 2016 – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced the sale of a 58,564-square-foot industrial building located at 235 Murray Hill Parkway in East Rutherford, New Jersey. The buyer, La Valle Foods USA Inc., was represented by NAI Hanson’s Jeff DeMagistris and Thomas Vetter. NAI Hanson’s Steven Leitner, CCIM and Michael Walters, SIOR, represented the seller, The Meadowlands Area YMCA.
235 Murray Hill Parkway sits on 4.3 acres in the Meadowlands, allowing for future expansion of the infrastructure. The building boasts 16’10” ceilings with large area column spacing and 4 interior tailgates – two of which have levelers. The property also has a private parking lot with 70 parking spaces.
“The buyer, Lavalle Foods USA, expressed an urgent need to increase their warehouse and distribution space to accommodate their growing business of importing fine foods from Italy,” Said Leitner. “The Buyer had outgrown their previous distribution site in Teterboro, which was nearly half the size. The acreage provides the buyer with the option to further expand their operations in the future with an addition to the building, which is something that made this listing even more attractive to the buyer.”
235 Murray Hill Parkway is located just south of MetLife Stadium and offers direct access to The New Jersey Turnpike as well as Routes 3, 17, and 120.
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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.