Commercial real estate firm NAI James E. Hanson, which brokered the lease, announced the deal Tuesday.



NAI’s Barry Cohorsky and John Koch represented e-commerce company Eternity Crystal Logistics at 16 Herbert St., a 304,000-square-foot industrial building.



“As the e-commerce industry continues to explode, logistics networks are forced to compete for only a handful of industrial spaces that provide easy access to the Port of Newark,” Cohorsky said in a release. “Unprecedented demand has caused leasing rates for industrial spaces like 16 Herbert to skyrocket, making it difficult for companies to secure space in this favorable location.”



NAI James E. Hanson has offices in Teterboro and Parsippany.

