A 1.28-acre industrial property in Kenilworth has been sold for $3.3 million.
The property at 400-450 Swenson Drive features three newly renovated buildings totaling 17,040 square feet of industrial and flex space along with extensive outdoor storage, according to NAI James E. Hanson, the New Jersey-based commercial real estate firm that brokered the deal.
NAI James E. Hanson’s Russell J. Verducci, Eric Demmers and Colin Goldstein represented the seller, Fairfield Products Corp., in the transaction.
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The site offers access to major transportation corridors including the Garden State Parkway and Interstates 78 and 95.
The location also provides proximity to Newark Liberty International Airport, Port Newark/Elizabeth and New York City via the Holland Tunnel.
“We’re continuing to see strong demand from both investors and users for well-located IOS properties in the northern New Jersey market like 400-450 Swenson Drive,” said Verducci in a statement.
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