50 Somerset Place in Clifton — Courtesy: NAI James E. Hanson
By Joshua Burd
A logistics firm is relocating to New Jersey from Pennsylvania after acquiring a 121,000-square-foot industrial building in Clifton, brokers with NAI James E. Hanson announced Tuesday.
The real estate services firm represented the buyer, Shawnee Transportation Inc., in its purchase of 50 Somerset Place. The full-service transportation and logistics firm acquired the property from JRAM Investment Co. Inc. for an undisclosed price and will use it to satisfy its need for warehouse space in the New York City metro area.
NAI Hanson’s Scott K. Perkins, Andrew Somple, Christopher Todd and Justin Allessio completed the transaction, noting that Shawnee Transportation will initially occupy half of the building. The firm will lease the remaining 60,000 square feet to capitalize on the booming local industrial market, while still preserving its ability to expand into the additional space.
“Finding suitable properties and negotiating industrial sales in northern New Jersey are difficult propositions no matter how large or small a buyer’s space needs may be,” Allessio said. “Shawnee’s unique requirements and the lack of product available on the market added another layer of complexity to our negotiations.
“Fortunately, our team’s deep experience in this market, particularly in industrial sales, provided us with the expertise and strategy needed to facilitate a sale on behalf of our client and help them secure their ideal property to ensure their company’s continued growth.”
In a news release, NAI Hanson said Shawnee Transportation was facing a lack of short-term warehousing space, particularly in the New York City area, and was being forced to turn down business. The firm was searching for a property that would meet its current and future space needs while also providing for parking for its large fleet of trucks.
Its new home in Clifton offers proximity to routes 3 and 46 and the Garden State Parkway, NAI Hanson said. The building has 18-foot-clear ceilings, nine tailgates and two drive-ins, with more than two acres of parking.