400-450 Swenson Drive in Kenilworth — Courtesy: NAI James E. Hanson
By Joshua Burd
A private buyer has paid $3.3 million for a nearly 1.3-acre industrial outdoor storage property in Kenilworth, brokers with NAI James E. Hanson announced Monday.
In a news release, the listing team said the parcel at 400-450 Swenson Drive is home to three buildings with a combined 17,040 square feet of industrial and flex space. The facilities are newly renovated, the brokers said, touting their proximity to the Garden State Parkway and Interstate 78 and their easy access to Newark Liberty International Airport, Port Newark-Elizabeth and New York City via the Holland Tunnel.
NAI Hanson’s Russell J. Verducci, Eric Demmers and Colin Goldstein represented Fairfield Products Corp. in the sale of the 1.28-acre property.
“We’re continuing to see strong demand from both investors and users for well-located IOS properties in the northern New Jersey market like 400-450 Swenson Drive,” Verducci said. “Our team is pleased to have secured strong value for this asset on behalf of our client, and we wish the buyer all the best with the property.”
