NAI Hanson Negotiates 24,057-Square-Foot Industrial Lease in Meadowlands

Oct 21, 2021

East Rutherford, N.J. (October 21, 2021)NAI James E. Hanson announces it has a negotiated a new lease with Marmiro Stones for 24,057 square feet of industrial space at 99 Murray Hill Parkway in East Rutherford, N.J. NAI Hanson’s Kenneth Lundberg, SIOR, Patrick Lennon, Lorenzo Lambiase, Steve Pastor represented the landlord, 99 Murray Hill Parkway, Inc., in the transaction.

Situated on 8.4 acres in the heart of the Meadowlands, 99 Murray Hill Parkway is a 142,624-square-foot industrial building located just south of MetLife Stadium with supreme accessibility to the New Jersey Turnpike and New York City via the George Washington Bridge as well as Routes 3, 17, and 120. Marmiro Stones 24,057 square feet of space includes two tailgates, four drive-ins, 28’ ceilings and 935 square feet of office space. The property is also professionally managed by NAI James E. Hanson Property Management Group.

Since 1959, Marmiro Stones has been sourcing premium stone for its customers from its family-owned quarries in Turkey, offering a wide variety of commercial and residential stone products. With offices, a design studio and a state-of-the-art fabrication shop all under one roof, Marmiro Stones has revolutionized the natural stone industry by carefully extracting, manufacturing, and distributing the highest quality products in ways consistent with the standards originally set forth by the company in 1959. Marmiro Stones’ new East Rutherford facility will be used to support its global distribution and warehousing needs.

“The competition within the Meadowlands market remains at an all-time high,” said Lundberg. “With such little new development in the area, high-quality industrial spaces like 99 Murray Hill Parkway stand out to a wide range of businesses. This deal truly reflects our understanding of the market, and we are thrilled to welcome another quality tenant to the property on our client’s behalf”

To stay connected with NAI James E. Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook (www.facebook.com/NAIHanson), Twitter (@NAI_Hanson), LinkedIn (www.linkedin.com/company/nai-james-e-hanson), and Instagram (@NAI_hanson).

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