39,000-SQUARE-FOOT FLEX BUILDING TRADES IN N.J.

WAYNE, N.J. — NAI James E. Hanson has brokered the sale of a flex building located at 400 Newark Pompton Turnpike in Wayne. The property consists of a 39,000-square-foot building situated on more than 5 acres. The building features 9,000 square feet of office space, with the remainder consisting of warehouse space. The warehouse component contains 24-foot clear ceilings, three dock doors, drive-in capability, outside storage space, and car and trailer parking. The buyer, Krowne Metal Corp., plans to also occupy the building. NAI's Barry Cohorsky represented the buyer. W. Joshua Levering and Gregory Reid, also of NAI, represented the seller, The United Yarn Products Company. The acquisition price was not released.