{"id":1004209242,"date":"2018-03-06T09:12:28","date_gmt":"2018-03-06T17:12:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209242"},"modified":"2022-12-01T14:03:42","modified_gmt":"2022-12-01T22:03:42","slug":"nai-closes-north-jersey-industrial-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nai-closes-north-jersey-industrial-lease\/","title":{"rendered":"NAI Closes North Jersey Industrial Lease"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004209245\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/140-Spring-St.-in-New-Providence-N.J..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209245\" data-attachment-id=\"1004209245\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nai-closes-north-jersey-industrial-lease\/140-spring-st-in-new-providence-n-j\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/140-Spring-St.-in-New-Providence-N.J..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Calamusa, Danielle&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1520261613&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"140 Spring St. in New Providence, N.J.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;140 Spring St. in New Providence, N.J.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/140-Spring-St.-in-New-Providence-N.J..jpg?w=800\" class=\"wp-image-1004209245 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/140-Spring-St.-in-New-Providence-N.J..jpg\" alt=\"140 Spring St. in New Providence, N.J.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/140-Spring-St.-in-New-Providence-N.J..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/140-Spring-St.-in-New-Providence-N.J..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/140-Spring-St.-in-New-Providence-N.J..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209245\" class=\"wp-caption-text\">140 Spring St. in New Providence, N.J.<\/p><\/div>\n<p>NAI James E. Hanson has closed a 36,052-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/spi-inks-lease-at-nj-industrial-asset\/\">industrial lease in northern New Jersey<\/a>. The tenant, the newly formed CIMC Commercial Tires, will occupy more than half of the 66,000-square-foot building. CIMC plans to manufacture tires in the space\u00a0for the firm&#8217;s intermodal transportation customers. NAI acted on behalf of the landlord, a joint venture between private investors, in the transaction.<\/p>\n<p>Located at 140 Spring St., in New Providence, the building is located in a small industrial area, some 18 miles west of the Port Elizabeth intermodal shipping center. Interstate 78, situated two and a half miles away, allows for convenient access throughout the region. The structure, home to sport uniform manufacturer Venus Knitting Mills, was built in 1961. The asset is geared towards manufacturing tenants, with features such as 15.5-foot clear heights, a heavy power supply, two one-ton cranes and a single loading dock.<\/p>\n<p><em>\u201cThis deal showcases the strong market demand for flexible and well-located spaces like 140 Spring St., and the continued advantage of working with a highly experienced and knowledgeable brokerage team to secure tenants at a fair market value,\u201d<\/em> said Senior Vice President Barry Cohorsky of NAI Hanson, who represented the landlord in the transaction, in a prepared statement.<\/p>\n<p><em>Image courtesy of NAI James E. Hanson<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tenant, a newly formed industrial tire supply company, will occupy nearly half of the building, which totals more than 65,000 square feet.<\/p>\n","protected":false},"author":861,"featured_media":1004209245,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21748,1600,21742,10],"tags":[35784,35017],"class_list":["post-1004209242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-industrial","category-new-york","category-latest","category-northeast","tag-nai","tag-nai-james-e-hanson"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NAI Closes North Jersey Industrial Lease - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nai-closes-north-jersey-industrial-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NAI Closes North Jersey Industrial Lease\" \/>\n<meta property=\"og:description\" content=\"The tenant, a newly formed industrial tire supply company, will occupy nearly half of the building, which totals more than 65,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nai-closes-north-jersey-industrial-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-06T17:12:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-01T22:03:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/140-Spring-St.-in-New-Providence-N.J..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nai-closes-north-jersey-industrial-lease\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nai-closes-north-jersey-industrial-lease\\\/\"},\"author\":{\"name\":\"Jeff Hamann\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"headline\":\"NAI Closes North Jersey Industrial Lease\",\"datePublished\":\"2018-03-06T17:12:28+00:00\",\"dateModified\":\"2022-12-01T22:03:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nai-closes-north-jersey-industrial-lease\\\/\"},\"wordCount\":229,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nai-closes-north-jersey-industrial-lease\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/140-Spring-St.-in-New-Providence-N.J..jpg\",\"keywords\":[\"NAI\",\"NAI James E. 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