Moonachie, N.J. (June 26, 2019) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a 25,526-square-foot lease at 175 Anderson Avenue in Moonachie, N.J. NAI James E. Hanson’s Jeff DeMagistris, SIOR, and Tom Vetter, SIOR, represented the landlord, 175 Anderson LLC, in the transaction with the tenant, Cactus Clothing Co. The lease deal follows the recent sale of the property, which was facilitated by the team of DeMagistris and Vetter in April.
Featuring an ideal location in central Bergen County with proximity to Port Newark – Elizabeth Marine Terminal, 175 Anderson Avenue is a one-story 25,526-square-foot industrial/flex building in Moonachie, N.J. Situated on a one-acre lot and boasting 18’ ceilings and five loading docks, 175 Anderson Avenue is well-suited to meet the warehousing and distribution needs of a range of industrial tenants. Operating under new ownership, the new landlord plans to make several improvements to property including renovating the 2,500 square feet of dedicated office space and installing a new warehouse high bay LED lighting system.
Relocating from Carlstadt, N.J., Cactus Clothing Co plans to utilize the property for warehousing and distribution of garments, taking advantage of the prime location, ample parking and loading capabilities 175 Anderson Avenue offers.
“With proximity to the Port remaining a top priority for companies looking for easy access to national and international distribution channels, well-located industrial assets such as 175 Anderson Avenue continue to be hot commodities in the industrial market,” said Vetter. “Leveraging our expertise with industrial assets and local market knowledge, we were able to help secure a quality tenant on behalf of the landlord.”
For more insights on the northern New Jersey industrial market, please download NAI James E. Hanson’s 1Q 2019 Northern and Central New Jersey Industrial Report, which highlights market trends and key data in the industrial asset class throughout the region.