184 Route 22 East in Hillside — Courtesy: NAI James E. Hanson
By Joshua Burd
A business in Hillside has purchased an adjacent industrial building that it now plans to knock down in order to create a parking lot, in a deal arranged by NAI James E. Hanson.
The buyer, which is listed as Madison Exchange LLC / HYK LLC, paid an undisclosed price for the parcel at 184 Route 22 East. The 1.41-acre site is currently home to a vacant 28,000-square-foot structure, brokers said, with a location that is minutes from Interstate 78, Route 9 and the Garden State Parkway.
NAI Hanson’s Eric Demmers and Russel Verducci represented the seller, Certified Processing.
“This deal further demonstrates our team’s consistent ability to construct exceptional marketing strategies to attract quality buyers, no matter what the current state of the property might be,” Demmers said. “Capitalizing on the severe supply gap in industrial parking, we were able to help our client find a buyer who was interested in acquiring what was a functionally obsolete warehouse space. We look forward to continuing to leverage our local relationships and strong market expertise to help our clients find value for their properties in the competitive northern New Jersey market.”
