Commercial real estate brokerage NAI James E Hanson announced it has completed the sale of a 13,560-square-foot building in Newark.Commercial real estate brokerage NAI James E Hanson announced it has completed the sale of a 13,560-square-foot building in Newark.



The sale involved NAI Hanson’s Scott Perkins, Chris Todd, Eric Demmers and Russell Verducci, as well as Isaac Newman of Gramercy.



“We have seen a large number of businesses relocate from Brooklyn to locations on the west side of the Hudson River,” said Perkins. “Newark is a highly attractive location, as it offers great accessibility with highly competitive property prices, making it a good time for our client to sell the property and bring a new, growing business to Newark.”



NAI Hanson represented the seller, 65 Euclid Avenue LLC, while Newman represented the buyer, Montique International, in the sale of 65 Euclid Ave. The two-story building features 11,888 square feet of 14- to 22-foot clear warehouse space and 1,672 square feet of offices.



“Located less than one mile from the New Jersey Turnpike with direct access to New York City via the George Washington Bridge and only minutes from routes 280 and 9, the property is ideally suited for distribution and warehousing,” NAI Hanson said in a news release. “Since 1993, Montique International has been a leading designer and manufacturer of high-end menswear. Based in Brooklyn since its inception, Montique International had been searching for a new location that offered them flexibility and ease of access to distribution networks to reach its customers.”



Montique international will lease space back to the current tenant.

