Moonachie, N.J. (November 2, 2016) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced it has brokered the sale of a 20,881-square-foot industrial building located at 235 Moonachie Road in Moonachie, New Jersey. NAI Hanson’s Tom Vetter, SIOR, and Jeffrey DeMagistris, SIOR, represented the seller, Estiluz, Inc. The building was purchased by GGM Investments, LLC.
The two-story industrial/flex building has 2,841 square feet of office space and 3,121 square feet of showroom space on the ground floor. Boasting 22’ ceilings and two loading docks, 235 Moonachie is a versatile location in the heart of the Meadowlands. It offers easy access to Interstates 95 and 80 as well as the Garden State Parkway via Route 3. Teterboro Airport is only a mile away and Newark Liberty International Airport is 20 minutes from the building. New York City can be reached via the Lincoln Tunnel or George Washington Bridge.
“235 Moonachie Road is a very attractive property in the popular Meadowlands industrial market,” said DeMagistris. “GGM Investments was searching for a functional building to operate their business out of. We were able to connect Estiluz, Inc. with GGM Investments and reach an agreement on a mutually beneficial purchase price.”
Team Resources represented the buyer 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.