ELIZABETH, N.J.– NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, today announcedthat Duro Standard Products Co., Inc., has signed a 70,000-square-foot lease for industrial space at 1000 Jefferson Avenue in Elizabeth, N.J. The tenant, which is a division of the world’s largest paper bag manufacturer, is relocating from another property in Elizabeth.
NAI Hanson Vice President Barry J. Cohorsky and Associate Russell J. Verduccicompleted the transaction on behalf of the tenant.
Owned by Templer Associates, the two-story Class C manufacturing building is located in the Union industrial cluster. Built in 1948, the building has a total of 190,000 rentable square feet on 9.7 acres. Features include 16- to 20-foot ceiling heights,new roof mounted solar system,two drive-ins and 38 exterior loading docks. The site has 100 free-surface parking space and on-site property manager.
“We were able to secure a great deal for the tenant in a location that required minimal disruption of business,“ Cohorsky stated.
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 over350offices 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 visitwww.naihanson.com.