Randolph, N.J. (April 20, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has brokered the sale of a 27,248-square-foot industrial/flex building located at 6 Aspen Drive in Randolph, N.J. NAI Hanson’s Barry Cohorsky, SIOR, Josh Levering, SIOR, and James Kenah represented the seller, Aspen-smith, LLC, in the transaction.
The Buyer, RN Foster Associates was represented by Nicholas DePaolera and Josh Levering, SIOR. RN Foster is a HVAC contractor and will be relocating from their current Location in Elmwood Park NJ. A longtime customer of Hanson, this acquisition is part of multiple transactions between the parties.
Built in 2009, 6 Aspen Drive is a single-story industrial/ flex building with 4,100 square feet of office space, six loading docks, 25’ clear foot ceilings and very ample truck and car parking. Located directly off Route 10, it offers easy access to Route 46 and is less than ten miles from Interstate 80. The building was originally acquired in 2010 by Modular Packaging as they were relocating from Fairfield with the assistance of Cohorsky and Levering.
The building will provide the buyer, R.N. Foster Associates, with the flexible space needed to meet their current expansion needs. RN Foster is currently using several smaller facilities in Elmwood Park and the ability to fulfill its national and international orders out of one building is key to the future of their business. They will be retrofitting the building completely and look to occupy sometime in the 2nd quarter of 2017.
“We continue to see a trend of businesses looking to purchase well-located, modern buildings to consolidate or expand their operations under one roof,” said Cohorsky. “6 Aspen Drive’s premier location near I-80 and Routes 10 and 46 and its adaptability to a wide range of possible uses, meant that we were able to secure a number of interested parties when we initially began our marketing efforts. Our experience with this property and the market ensure that the transaction was closed under favorable conditions to all involved.”
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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.