Proximity to New York City Continues to Lure E-Commerce Companies to New Jersey’s Thriving Industrial Marketplace
Jersey City, N.J. (January 12, 2016) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has brokered a lease deal totaling 16,000-square-feet bringing Good Brands, one of Amazon’s top sellers, to Jersey City as the continued wave of e-commerce industrial tenants look to set up just outside of New York City. NAI Hanson’s Russell Verducci, Steve Pastor and Eric Demmers were selected as the exclusive brokers by landlord, Lackawanna Warehouse Corp. to lease the space.
Good Brands moves to Jersey City taking 16,000-square-foot on the second floor at the industrial building located at 629 Grove Street in the Lackawanna Building. The unit has 11 foot ceilings, 400 amps of power, a loading tailgate located on 18th Street and heavy power and floors. The Lackawanna Building has on-site property management, three manned and 23 freight elevators with 12,000-pound capacities, separately metered units with heavy power and heavy floors and both wet and dry automatic fire suppression systems.
“As the exclusive broker of the Lackawanna Building we continue to see a tremendous amount of interest coming from growing e-commerce companies,” said Verducci. “Good Brands is a top 1,000 Amazon seller with an estimated 77% of the company’s sales being fulfilled by the e-commerce giant. The trend in e-commerce will continue to be fulfilling orders as quickly and efficiently as possible. This creates a sustained drive for successful and upstart e-commerce companies to move closer to New York City, which is an enormous population center. Jersey City fits the bill on all fronts. This is an excellent deal both for Lackawanna who gets a recognized e-commerce tenant and for Good Brands which is moving into a building space available to accommodate the company’s growth.”
The Lackawanna Building is adjacent to the Holland Tunnel and offers direct access to the New Jersey Turnpike, Routes 1 and 9, Route 440 and the Pulaski Skyway. The location is also just minutes from The Lincoln Tunnel.
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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.