Woodbridge, N.J. (September 23, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 30,000-square-foot industrial building at 3 Convery Boulevard in Woodbridge, N.J. NAI James E. Hanson’s Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the buyer, Nest Scientific USA, Inc, in the transaction with ELKH Associates Limited Partnership.
Nest Scientific is a worldwide manufacturer of laboratory plastics for applications in hospitals, research communities and industrial/clinical laboratories. Previously based in Rahway, N.J., the company’s growth necessitated the search for a larger industrial space that was centrally located to the company’s employees as well as regional transportation networks to ensure the efficient storage and distribution of the firm’s products.
Located on heavily traveled Route 35, 3 Convery Boulevard boasts easy access to major transportation arteries including Route 9, Interstate 95, and the New Jersey Turnpike as well as numerous public transportation options. Located nearby is the Woodbridge Commuter Rail as well as the Perth Amboy NJ Transit station. The building is also located in close proximity to three major international airports including Newark Liberty, LaGuardia, and JFK and is also a short distance from Port Newark-Elizabeth.
“Our regional industrial market continues to be one of the nation’s most competitive and presents significant challenges to companies searching for space,” said Lizzack. “However, our local experience and network of real estate, legal, financial, and other professionals allow our team to not only recognize opportunities in this market but ensure our clients put forth the best possible offer. This transaction is the latest example of how Team Lizzack-Horning’s experience can be leveraged on behalf of our clients in even the most challenging market conditions.”
Jie Wu Pan, Ph.D., VP of Operations Nest Scientific USA, added, “Randy and Darren are a great team to work with. They are very experienced and well connected, which is extremely helpful to a small company like us. They stay on top of the closing schedule and made sure everything was taken care of.”
For more insights on the healthcare market and a deeper look at the work of Team Lizzack-Horning, please download NAI James E. Hanson’s Q2 2020 Northern and Central New Jersey Medical Office Report, which highlights market trends and key data in the medical office asset class throughout the region.
Made up of Darren Lizzack, MSRE, and Randy Horning, MSRE, Team Lizzack-Horning of NAI James E. Hanson is an expert brokerage team that specializes in healthcare, office and investment property transactions. Named to the 2019 GlobeSt. Healthcare Influencers List, Team Lizzack-Horning has also become one of New Jersey’s most successful healthcare brokerage teams. More than just transaction managers, Team Lizzack-Horning adopts a holistic and analytical approach to real estate and has created a deep network of trusted professionals to help clients navigate the increasingly complex nature of today’s transactions. Together, the team has successfully closed more than 70 deals over the past four years.
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