Clifton, N.J. (February 24, 2022) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of a 132,135-square-foot industrial/flex complex at 65-75 and 125-127 Kingsland Avenue in Clifton, N.J. NAI James E Hanson’s Andrew Somple, SIOR, represented the seller, 1913 Realty Associates LLC.
The plaza on Kingsland Avenue has a 57,000-square-foot and a 68,000-square-foot building situated on 6.23 acres of land. Conveniently located at the intersection of Routes 3 and 21, this property’s central location allows for near-immediate access to New York City as well as a plethora of the region’s major transportation arteries, including the NJ Turnpike and the Garden State Parkway. In addition, the buildings feature mezzanine office space with a total of 19 tailgates and four drive-ins, as well as expansive on-site parking with over 200 spaces. Further highlighting its excellent investment value, the nearly fully leased complex is also home to an impressive existing roster of tenants.
The buyer recognized the highly sought-after property’s potential as an exceptional investment opportunity. Impressed by the combination of the property’s flexible spaces, proximity to New York City, and stability offered by the current tenant roster, the buyer saw the property as an ideal acquisition in the booming industrial market.
“This deal further underscores our team’s ability to represent the interests of sellers by showcasing properties’ full value to enable our clients to take advantage of the high demand for versatile and centrally-located industrial spaces across the state,” said Somple. “We look forward to continue leveraging our local relationships and exceptional market expertise to help our clients find value for their properties in the increasingly competitive northern New Jersey market.”
