455 Barell Ave. in Carlstadt — Courtesy: NAI James E. Hanson
By Tina Traster
NAI James E. Hanson has brokered the sale of a 26,112-square-foot industrial building in Carlstadt, according to a Monday announcement.
In a news release, the firm said the team of Thomas Vetter, Jeffrey DeMagistris, Scott Perkins, Chris Todd and William Ericksen represented 455 Barell LLC in its sale of 455 Barell Ave. The Denver, Colorado-based buyer, Southpeak Group, paid an undisclosed sum for the property, which has 3,000 square feet of office space, 16-foot ceiling heights and three loading docks, with proximity to routes 3, 17 and 46, Interstate 80 and the New Jersey Turnpike.
NAI Hanson Management will handle management of the building moving forward.
“Demand continues to surge for quality industrial properties in northern New Jersey’s competitive market,” Vetter said. “Within this market, properties like 455 Barell with premium access to the Port and Meadowlands submarkets continue to stand out. The owners of these properties remain in a strong position to maximize their assets’ values and we continue to be proud to provide the resources that sellers need to act quickly and decisively to capitalize on the current market.”
Tina Traster is a freelance writer and the editor of Rockland County Business Journal. She is also a former business writer for Crain’s New York Business, real estate writer for the New York Post and staffer at the Bergen Record.
