Allendale, N.J. – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a lease for 32,895 square feet of industrial/flex space at 1 Pearl Court in Allendale, N.J. NAI James E. Hanson’s Kenneth Lundberg, SIOR, Patrick Lennon, and Lorenzo Lambiase are the exclusive brokerage team for the property and represented the landlord, Allendale Property, LLC, in the transaction with the tenant, US Med-Equip (USME), who was represented by NAI James E. Hanson’s Thomas Vetter, SIOR, and Jeff Demagistris, SIOR.
1 Pearl Court is a 46,400-square-foot single-story industrial/flex building located in Allendale Industrial Park, a seven-building, 370,000-square-foot industrial park that is owned and managed by Camber Real Estate Partners and Advance Realty Investors. Situated directly off Route 17, each property within the industrial park has individual storefronts and dedicated loading areas to meet the needs of tenants across various industries.
Recognizing their unmatched expertise in representing tenants and a track record of proven results in the northern New Jersey industrial market, USME tapped NAI James E. Hanson to identify the right space for their expansion needs.
“Anytime a company is expanding, it’s crucial that they secure space that can not only fit their needs today but one that can accommodate for their evolving needs in the future,” said Vetter. “In this case, USME needed more space and wanted to remain in Allendale, so we were happy to leverage our local market knowledge to provide options that aligned with their vision. We wish them the best of luck at their new location.”
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