NAI Hanson Facilitates $4.6 Million Sale of Jersey City Warehouse

On May 30, 2014

NAI James E. Hanson, Teaneck-based commercial real estate firm, announces the $4.6-million sale of 106 Harbor Drive, a 65,000-square-foot, single-tenant warehouse property in Jersey City. The NAI team of Senior Vice President Tom Ryan and Vice President Barry Cohorsky represented the property’s seller, a family investor.

Subsequently, Cohorsky and Ryan represented the property’s new owner, CenterPoint Harbor LLC, in a 54,000-square-foot lease transaction with Iron Mountain Information Management LLC. An information management, records management and data protection services company with locations throughout the UK, Europe and North America, Iron Mountain Information Management signed a 10-year lease.

Located within the Hudson Waterfront Industrial Cluster, 106 Harbor Drive benefits from on-site property management. The property is situated on 2.7 acres, and provides excellent access to the Port of New York and New Jersey, Routes 1 and 9, the Holland Tunnel and the New Jersey Turnpike.

“The property provided CenterPoint, which has been aggressively pursuing industrial opportunities in the port markets, with an opportunity to expand its market share,” Cohorsky said. “CenterPoint has acquired nearly 3 million square feet over the past several years. The company’s strategy is validated by the signing of a long-term lease with a multinational company.”

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