Norwood, N.J. (May 26, 2016) – NAI James E. Hanson, a leading New Jersey based full-service independent commercial real estate firm, announces the sale of a 26,928 square foot industrial building located at 380 Chestnut Street in Norwood, N.J. NAI Hanson’s Steven Leitner represented the buyer, Pro Source, Inc., a housewares distributor, in the transaction.
Pro Source, Inc. is relocating to 380 Chestnut Street from a smaller location in Mahwah, N.J. The 26,928-square-foot building will be used to warehouse houseware products as well as for distribution. With 17’ ceiling heights, three tailgates, and a drive-in, 380 Chestnut Street allows the business to keep larger inventory on hand and increase efficiencies in their distribution. The industrial building also offers 3,500-square-feet of office space and ample parking. The property’s 2.58 acres of land also allows for the possibility of expansion in the future.
“With industrial buildings in high demand in Northern New Jersey area, we had to take a competitive approach for Pro Source Shop, Inc. to find the type of space that would allow the company the room it needs to continue growing,” said Leitner. “There are very few available buildings in the marketplace that had all of their purchase requirements so we are quite pleased to find a location for our client to not only conduct business, but to thrive.”
380 Chestnut Street is centrally located between the Garden State Parkway, Palisades Parkway, and Route 9. The suburban location, just minutes from the Hudson River, offers quick access to both New York and New Jersey.
Bill Pastuszak of Resource Realty of Northern N.J. represented the seller, 380 Chestnut Street, LLC, in the transaction.
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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.