141 English St. in Hackensack — Courtesy: NAI James E. Hanson
By Joshua Burd
An investment firm has purchased a 6,500-square-foot industrial flex building in Hackensack, under a newly announced transaction by NAI James E. Hanson.
According to the brokerage team, Kearny Investment Group paid an undisclosed sum for the property at 141 English St. The buyer, which had been looking to expand its New Jersey portfolio, now plans to renovate the building and market it for lease to capitalize on the soaring demand for industrial space in the region.
NAI Hanson’s Justin Allessio and Andrew Somple represented the seller, English Street Realty LLC. They noted that the building, which is minutes from routes 17 and 46 and Interstate 80, is approved for multiple uses including general manufacturing, research and business and vocational schools.
Urszula Zoltek of Zoltek Commercial Real Estate Services represented the buyer.
“The multitenant industrial sector continues to see strong demand from small and medium-sized businesses across northern New Jersey,” Allessio said. “As a result, real estate investors hoping to capitalize on the strong underlying fundamentals are increasingly flocking to the sector as well. Our marketing of this property sought to tap into that strong investor demand to help our client secure a buyer and we look forward to seeing what is next for this property.”
