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Newark, N.J. (July 10, 2023) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has been named the exclusive leasing brokerage for Newark Distribution Center, a 716,158-square-foot industrial complex in Newark, N.J. The assignment will be handled by NAI James E. Hanson’s Russell Verducci, SIOR, and Eric Demmers. Located in an Opportunity Zone less than three miles from Port Newark and one mile from the intersection of Route 1/9 and Interstate 95, Newark Distribution Center is a highly adaptable industrial facility geared to the needs of tenants with complex logistics, fulfillment or warehousing needs. Newark Distribution Center is made up of three properties and the largest is 399-447 Ferry Street, a 635,482-square-foot building boasting 24’ clear ceilings and four loading docks with 48,000 square feet of space currently available for lease. In addition to several highly adaptable buildings, Newark Distribution Center also benefits from institutional ownership by Hines, a global real estate investment, development and management firm with a presence in 395 cities in 30 countries and $95.79 billion of investment assets under management. “Finding any industrial space in the Port Newark area is a tall task in the current competitive market conditions,” said Verducci. “Newark Distribution Center’s ideal location, institutional ownership and flexible design ensure it stands out in such a tight market. We are excited to bring this rare opportunity to the market and help our client secure a high-quality tenant for their space.” Interested tenants should contact NAI James E. Hanson listing brokers Russell Verducci, 201-478-7470, rverducci@naihanson.com or Eric Demmers, 201-478-7390, edemmers@naihanson.com. 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 # # #