{"id":1004601068,"date":"2022-08-31T03:27:40","date_gmt":"2022-08-31T11:27:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004601068"},"modified":"2022-12-08T23:32:02","modified_gmt":"2022-12-09T07:32:02","slug":"industrial-outdoor-storage-enters-nj-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrial-outdoor-storage-enters-nj-market\/","title":{"rendered":"Industrial Outdoor Ventures Enters NJ Market"},"content":{"rendered":"<div id=\"attachment_1004601069\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004601069\" data-attachment-id=\"1004601069\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/industrial-outdoor-storage-enters-nj-market\/75glendale\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg\" data-orig-size=\"1130,848\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Altieri, Melissa&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1661782198&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;0&quot;}\" data-image-title=\"75glendale\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;75 Glendale Ave. Image courtesy of NAI James E. Hanson&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg?w=1024\" class=\"wp-image-1004601069 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg 1130w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004601069\" class=\"wp-caption-text\">75 Glendale Ave. Image courtesy of NAI James E. Hanson<\/p><\/div>\n<p><strong>Industrial Outdoor Ventures<\/strong> has acquired an 8.7-acre construction site in Edison, N.J., from <strong>Railroad Construction Co. <\/strong>This is the company&#8217;s first purchase of this type in the state. <strong>NAI James E. Hanson<\/strong> represented the buyer in the transaction.<\/p>\n<p>The property, which is an industrial outdoor storage, last traded in 2005, for a sale price of $2.2 million, according to <strong>CommercialEdge data<\/strong>. Railroad Construction will continue to lease the asset, located at 75 Glendale Ave.<\/p>\n<p>The asset features 8.7 acres of outdoor storage and a 35,729-square-foot maintenance building, completed in 1960. The property is just 1 mile from the intersection of New Jersey Turnpike and Route 18 and offers access to U.S. Highway 1. Newark and New York City are approximately 25 miles away. Other industrial sites and buildings in the surrounding area host pharmaceutical companies, as well as warehousing and logistics businesses such as United Distribution Services, Americold Logistics and American International Warehouse.<\/p>\n<p>Based in Chicago and established in 2017, Industrial Outdoor Ventures is the first company specializing exclusively in outdoor storage facilities. Despite not being a mature and well-established market, the <a href=\"https:\/\/www.commercialsearch.com\/news\/why-industrial-outdoor-storage-is-the-new-hot-cre-type\/\">industrial outdoor storage sector<\/a> is no longer considered a niche segment, as the demand has increased during the pandemic due to the growth of e-commerce businesses.<\/p>\n<p>The NAI James E. Hanson team included Senior Vice Presidents Scott Perkins, Chris Todd and Associate William Ericksen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAI James E. Hanson represented the buyer in the sale-leaseback transaction.<\/p>\n","protected":false},"author":2829,"featured_media":1004601069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,1600,21742,10],"tags":[51664,35017,51665],"class_list":["post-1004601068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-new-york","category-latest","category-northeast","tag-industrial-outdoor-ventures","tag-nai-james-e-hanson","tag-railroad-construction-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industrial Outdoor Ventures Enters NJ Market - CPE<\/title>\n<meta name=\"description\" content=\"Chicago-based Industrial Outdoor Ventures has acquired an 8.7-acre site serving as industrial outdoor storage, in Edison, N.J.\" \/>\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\/industrial-outdoor-storage-enters-nj-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial Outdoor Ventures Enters NJ Market\" \/>\n<meta property=\"og:description\" content=\"Chicago-based Industrial Outdoor Ventures has acquired an 8.7-acre site serving as industrial outdoor storage, in Edison, N.J.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/industrial-outdoor-storage-enters-nj-market\/\" \/>\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=\"2022-08-31T11:27:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:32:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1130\" \/>\n\t<meta property=\"og:image:height\" content=\"848\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-outdoor-storage-enters-nj-market\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/industrial-outdoor-storage-enters-nj-market\/\",\"name\":\"Industrial Outdoor Ventures Enters NJ Market - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-outdoor-storage-enters-nj-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-outdoor-storage-enters-nj-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg\",\"datePublished\":\"2022-08-31T11:27:40+00:00\",\"dateModified\":\"2022-12-09T07:32:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"Chicago-based Industrial Outdoor Ventures has acquired an 8.7-acre site serving as industrial outdoor storage, in Edison, N.J.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-outdoor-storage-enters-nj-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/industrial-outdoor-storage-enters-nj-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrial-outdoor-storage-enters-nj-market\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/75glendale-e1661866264740.jpg\",\"width\":1130,\"height\":848,\"caption\":\"75 Glendale Ave. Image courtesy of NAI James E. 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