NAI James E. Hanson successfully facilitated the purchase of a 48.7-acre industrial outdoor storage (IOS) portfolio in Harrison and Kearny, New Jersey for $156.3 million. The buyer, Ambient Capital Partners, was represented by NAI Hanson’s Scott Perkins, SIOR, CCIM; Christopher Todd, SIOR; and William Ericksen CCIM while the seller remains undisclosed.
The six-property portfolio includes 310 Manor Ave., 505 Manor Ave., 401 Supor Ave., and 500 Supor Ave. in Harrison as well as129 Sanford Ave.and433 BergenAve.inKearny.The properties are strategically located less than ten miles from Port Newark Elizabeth with easy access to regional transportation routes such as Route280andtheNewJerseyTurnpike.
Ambient Capital Partners is a Chicago-based real estate investment platform that specializes in supply chain real estate with a focus on low coverage and high-flow-through IOS properties.They have extensive experience in this sector which aligns perfectly with their global investment strategy according to NAI James E.Hanson.
