Linden, N.J. (August 22, 2022) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces the sale of 975 E. Linden Avenue in Linden, N.J. NAI James E. Hanson’s Scott Perkins, SIOR, Chris Todd, SIOR and William Ericksen represented the buyer, Realterm, in the transaction with Valley Real Estate.
Realterm is a vertically integrated owner and manager of high flow through (HFT®) logistics facilities serving the transportation industry. Aiming to grow its multi-million-square-foot portfolio of final mile distribution, cross-dock, transload, intermodal, secure storage and truckload properties in the New Jersey market, the company worked closely with Perkins, Todd and Ericksen to facilitate the acquisition of 975 E. Linden Avenue.
975 E. Linden Avenue is a 12,000-square-foot, 28-door cross-dock truck terminal situated just off of Route 9 on a 1.61-acre site. The property is located less than two miles from the New Jersey Turnpike and less than ten miles from the Port Newark Container Terminal.
“At the core of our team’s success stands a time-tested ability to leverage our local expertise to drive results on behalf of our clients,” said Todd. “Even though finding industrial properties in the current market can be difficult, we were once again able to help a client achieve their real estate goals and enhance their portfolio in the New Jersey market.”