The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $2.5 billion, has announced the disposition of two units, a total of 39,035 square feet, in an industrial condominium building located at 15-01 Pollitt Drive in Fair Lawn, N.J. The sale was made to Fair Lawn Industrial Properties, LLC.
Located within a 125,258-square-foot building on five acres of land, both units are fully leased to Lea and Perrins, Inc., a food division of the H. J. Heinz Company famous for its versatile marinades and Worcester sauces available worldwide. The building’s additional tenants include, Dessau Int’l, Timbar Packaging, Freedom Medical, Stone Boss, Associated Fabrics and Fair Lawn Surgicenter. Ideally situated in one of Bergen County’s premier office / industrial parks, 15-01 Pollitt Drive is neighbor to major tenants such as Nabisco, Verizon, Medco, Biomet and Columbia Bank, and is easily accessible, located only ¼ mile from Route 208 and less than ½ mile from NJ Transit Radburn Train Station.
“The building’s excellent location in one of the most desirable areas of Northern New Jersey and its flexible business options made this an ideal opportunity for the buyer,” said Kristin Hanson, an Investment Manager of The Hampshire Companies. “With an existing major tenant and versatile space options, the property fully met the buyer’s needs and growth goals.”
David Thurston of Marcus & Millichap Real Estate Investment Services represented The Hampshire Companies in the transaction.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at HampshireRE.com.
R&J Public Relations