Newark, N.J. (April 19, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, has arranged the sale of a 12,864-square-foot industrial building located at 50-60 Dickerson Street, in Newark, N.J. NAI Hanson’s Russell Verducci and Eric Demmers represented both the seller, Marco Albanese, and the buyer, Key Moving & Storage, Inc., in this exclusive listing.
50-60 Dickerson is a two-story warehouse space with two loading docks, 1 drive in and 1,920 square feet of office space. The property is well located in the heart of Newark’s University Heights neighborhood with easy access to Route 280. The building’s configuration and location are uniquely suited for a moving and storage business like Key Moving & Storage, which recognized the potential of the space as a relocation option for its growing moving business in the Bronx.
“We have seen strong demand in the Newark industrial market for warehouse buildings, especially in the 10,000-20,000-square-foot range,” said Demmers. “Much of this demand has come from companies like Key Moving & Storage looking to relocate from the Bronx and Brooklyn. This sale exemplifies that trend and showcases the strong growth factors, namely lower property prices and accessibility to markets west of the Hudson, that have led to the continued commercial resurgence of Newark.”
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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 375 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.