Hackettstown, N.J. (December, 2016) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced it has negotiated a 70,200-square-foot industrial lease at 103 Bilby Road in Hackettstown, N.J. NAI Hanson’s Barry Cohorsky, SIOR, and James Kenah represented the landlord, Compac Corp DBA Trimas Corporation, in the lease renewal transaction to Logical Warehousing, LLC. The tenant was represented by Steve Sander of CBRE.
103 Bilby Road is a 182,000-square-foot warehouse/flex property that includes 23,571 square feet of office space, seven loading docks and 139 parking spaces. Located seven miles from Interstate 80, the industrial space provides superior access to customers throughout New Jersey, Pennsylvania and New York. With the continued growth of e-commerce, the space will allow Logical Warehousing LLC to continue to expand its third-party logistics business to further meet the growing needs of its customer base.
“For landlords in today’s market tenant retention can be vital for sustaining occupancy rates,” said Cohorsky. “We were able to negotiate with the existing tenant to renew their lease to continue to occupy a facility that meets all of their current warehousing needs while providing our client with continued cash flow on their investment.”
Large units are still available for lease. Inquiries should be directed to Barry Cohorsky at 973 463 1011 x175.
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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.