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New Brunswick, N.J. (August 22, 2022) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces the sale of 5.6-acres of industrial outdoor storage at 703-711 Jersey Ave in New Brunswick, N.J. NAI James E. Hanson’s Russell Verducci, SIOR, and Eric Demmers, represented both the buyer and the seller, Ret Industrial, in the transaction. Situated in the Jersey Avenue industrial area, 703-711 Jersey Ave is zoned for general industrial use and currently contains two buildings totaling 41,000 square feet. The property also features proximity to Routes 1, 18, 27 and the New Jersey Turnpike. Recognizing the high demand for industrial outdoor storage, the seller tapped NAI James E. Hanson’s experience in the sector to identify a buyer for the property. Leveraging its local market knowledge, NAI James E. Hanson secured a buyer who plans to use the property as outdoor storage for trucking containers. “As industrial projects across the state move forward, demand for outdoor storage will only grow as available land becomes harder to find,” said Verducci. “Demand has risen to the point where outdoor storage is outpacing the traditional industrial market and it shows no signs of slowing any time soon. The trajectory of the asset classes ensures that owners of suitable properties will continue to be in a highly favorable position should they look to sell.” To stay connected with NAI James E. Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook, Twitter, and LinkedIn. About NAI James E. Hanson Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise. NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 300 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Teterboro office at 201-488-5800 or visit www.naihanson.com # # #