NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, is pleased to announce the completion of a five-year lease agreement for a 10,081-square-foot industrial condominium unit at 10 Clifton Blvd. in Clifton, N.J.'s Clifton Technology Center. NAI Hanson Managing Director of Corporate Services Scott Perkins represented the tenant, Hill-Rom Company Inc., while Rick Sidlovsky of Garden State Realty represented the landlord, Tulfra Realty Company, LLC, in this transaction.
"This challenging real estate market does have its benefits, as it offers tenants like mine the opportunity to be selective with their choices and find properties within their budgets," said Perkins. "My client was looking to relocate to be closer to its hospital clientele, and this building's ideal location and reputable landlord served as a perfect fit."
Hill-Rom, a supplier of medical beds, stretchers and other medical supplies, relocated from Montville, N.J., to be closer to their hospital clients. Passaic County houses about nine hospitals and almost 30 long-term-care and assisted-living centers and sits at the center of the affluent Bergen, Morris, Essex and Sussex counties. The property is within close proximity to Interstate 80, the New Jersey Turnpike and Route 3, 21 and 46. The tenant was attracted by the landlord's reputation for renovating older industrial buildings and by the property's convenient location near most Northern New Jersey highways. Its amenities include multi-tailboard loading, 13- to 30-foot ceilings and ample parking, along with city water, sewer and gas utilities.
"Industrial market activity has increased during the last few months, which illustrates that tenants are identifying opportunities and seizing them," added Perkins. "I was pleased to have negotiated this successful agreement on behalf of my client, and I look forward to brokering such beneficial matches in the future."