Lafayette, N.J. (July 25, 2023) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the lease of a 10,200 square-foot industrial/flex building at 11 Millpond Drive in Lafayette, NJ. NAI James E. Hanson’s John Schilp represented both the landlord, 11 Millpond Drive, LLC, and the tenant, Cobera Automotive, Inc., in the transaction.
Located at the corner of Millpond Drive and Route 94, 11 Millpond Road is a 10,200-square-foot industrial/flex building with a ridgeline height of 31’ and wall height of 18’. Featuring three 14’ drive-in doors with one containing a hydraulic lift gate and two 12’ drive-in doors, the property is suited to meet the needs of a variety of commercial and industrial tenants.
Selected as the exclusive brokerage firm for the property, NAI James E. Hanson implemented a strategic marketing strategy to attract tenants that could benefit from the property’s location, size, and adaptability. Cobra Automotive, Inc., an electric sports car manufacturer with over 20 years of experience in designing and building light-sport aircraft, drones and automobiles that combine technology, clean energy and stylish designs, will utilize their space to relocate from Spain and begin manufacturing in the United States.
“When marketing a property, it’s critical that you highlight the principal features that serve prospective tenants’ needs,” said Schilp. “11 Millpond Drive’s loading options and ceiling height can fit the needs of a variety of tenants, which is ultimately why it stood out to a unique tenant who was in search of space to establish an electric sports car manufacturing facility in the United States. We’re proud to have provided the real estate services needed to finalize a deal and wish Cobera Automotive the best of luck at their new home in Lafayette.”