Printer-friendly version FLORHAM PARK, NJ - January 13, 2014 – HFF announced today that it has closed the sale of an eight-property, fully leased industrial portfolio totaling 420,244 square feet in the Meadowlands submarket of New Jersey.
HFF marketed the portfolio exclusively on behalf of the seller, Wilson Associates.
The portfolio is located at 325, 425, 521 and 599 Gotham Parkway; 193, 194 and 320 Veterans Boulevard; and 300 Chubb Avenue in Carlstadt, close to the New Jersey Turnpike/Interstate 95, the Newark Liberty Airport, Port Newark/Elizabeth and Midtown Manhattan, which is less than 10 minutes away. Each warehouse/distribution facility is fully leased to a single tenant. Tenants include H Mart, Glasscrafters, EMR Graphics and Tribeca Oven.
The HFF investment sales team representing the seller was led by senior managing directors Jose Cruz, managing directors Michael Nachamkin and Kevin O’Hearn and real estate analyst Marc Duval.
“The Meadowlands industrial submarket, one of New Jersey’s top industrial submarkets, has experienced a very active leasing environment as of late with rental rates trending upward, boding well for properties such as this portfolio of well-located quality assets,” said Nachamkin.
A full service real estate organization, Wilson Associates is a developer and owner/manager of industrial, retail and office projects in northern New Jersey. The company is one of the largest developers of Meadowlands commercial projects and is an investment builder that retains ownership of its properties and directs all operations in connection with development, financing, construction, leasing, property management, maintenance and engineering activities.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.