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NAI Hanson Completes Long-Term Industrial Lease

EAST RUTHERFORD, NJ-Tenant Baby Playtime secured a 38,317-square-foot space for five years at Safer Development's 340,000-square-foot industrial facility.

By Alyson Grala | Updated on December 15, 2009

EAST RUTHERFORD, NJ-Baby Playtime recently picked up 38,317 square feet of industrial space for five years at 450 Murray Hill Pkwy. here. NAI James E. Hanson’s associate vice presidents Tom Vetter and Jeff DeMagistris represented the landlord, Safer Development, in this transaction.

“East Rutherford is an ideal distribution point for companies relocating out of New York City due to its convenient location, just seven miles west of Midtown Manhattan,” says Vetter. “In this transaction, the tenant was in search of a well-located, industrial facility in Northern New Jersey that could be utilized as the company’s distribution hub in the Northeast region of the state.”

Located near Routes 3, 17, 21 and the New Jersey Turnpike, 450 Murray Hill is a 340,000-square-foot industrial building with 15-foot ceiling heights and loading docks. The tenant will utilize this space for warehousing and distribution of children’s furniture and accessories.

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