NAI James E. Hanson Negotiates Lease to Bring Cedar Knolls, N.J. Industrial Building to Full Occupancy

Jul 18, 2022

Cedar Knolls, N.J. (July 18, 2022)NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces the lease of 14,400 square feet of industrial/flex space at 85 Horsehill Road in Cedar Knolls, N.J. NAI James E. Hanson’s Scott Perkins, SIOR, CCIM, Chris Todd, SIOR, and William Ericksen represented the landlord, Horsehill Properties, LLC, in the transaction with One World Rental (OWR) USA, LLC.

85 Horsehill Road is a 53,000-square-foot industrial building with 14’ clear ceiling height, 38’ by 28’ column spacing, three exterior dock doors, one drive-in bay and ample parking. Centrally located in Morris County, the property features proximity to Routes 10, 24 and 202 as well as Interstates 80 and 287.

Tapped as the exclusive brokerage firm for the property, the team of Perkins, Todd and Ericksen utilized their global contacts to act quickly for the landlord and secure a tenant that could bring the building to full occupancy, doing so in less than nine months’ time. The tenant, an international provider of IT equipment rentals, chose the property to establish their ninth global-facility, and North-American HQ.  They plan to use the space to house equipment for events the company hosts throughout the country.

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