Blauvelt, N.Y. (February 18, 2016) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces the sale of a 219,304-square-foot industrial building located at 615 Route 303 in Blauvlet, N.Y. NAI Hanson’s team of Scott Perkins, Andrew Somple, and Christopher Todd represented the owner, Direct Invest, LLC in the sale to the current tenant, Advanced Distributions Systems (ADS).
With ADS considering other options, NAI Hanson was hired by Direct Invest to find another occupant. “As soon as the building hit the market, we had 20+ showings within the first month” said Somple. “These showings included both users and investors” Somple continue, “We know we had an interesting opportunity to promote, but were pleasantly surprised as to the high level of attention this building received.”
The building offers 20’ ceilings, 12 loading docks with one drive-in, 200 parking spaces, and features 14,311 square feet of office space. Prior to the acquisition, ADS had been leasing the space as one of its six facilities located throughout northern New Jersey and southern Rockland County New York. The acquisition allows ADS to continue to serve its customers’ needs from a strategic location that provides easy access to local highways and transit routes while providing a full suite of distribution services to a wide array of industries including cosmetics, health and beauty, and fragrance.
“Having leased the building for several years, ADS knew the unique advantages it provided including a superior location and a large footprint that meets all of their distribution needs,” said Perkins. “The building’s size was a major selling point since there is a lack of supply for larger industrial buildings in the marketplace.”
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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.