NAI James E. Hanson Sells Carlstadt, New Jersey Industrial Property for $9.1 Million
Carlstadt, N.J. (July 21, 2026) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, has negotiated the $9.1 million sale of a 30,300-square-foot industrial building located at 178 Commerce Road in Carlstadt, New Jersey.
Senior Managing Directors Jordan Avanzato, SIOR, and Christopher D. Todd, SIOR, and Managing Director William Ericksen, SIOR, CCIM of NAI James E. Hanson's Institutional Services Group, represented the seller, Venture One Real Estate, in the transaction with the buyer, Gran Trade Inc.
Situated in the heart of the Meadowlands, 178 Commerce Road features 27,800 square feet of warehouse space, approximately 2,500 square feet of office space, two exterior loading docks, one drive-in door, and 15-foot clear heights. Its strategic location near several major highways, including Routes 3, 17, and 46, as well as Interstate 95, ensures easy access to New York City via the George Washington Bridge and the Lincoln Tunnel. The property is also located just three miles from Teterboro Airport and approximately 15 miles from both Newark Liberty International Airport and Port Newark-Elizabeth.
“This transaction reflects the pickup in demand we're seeing across the Meadowlands from both a leasing and sales perspective,” Avanzato said.“By combining our investor relationships with a targeted user outreach strategy, we identified the property's highest and best use, uncovering the right end user to maximize value and deliver the strongest possible outcome for our client, Venture One."
Gran Trade Inc. is a distributor of natural and engineered stones, including quartz, marble and quartzite, serving fabricators throughout New Jersey, New York, Connecticut, and Pennsylvania. Founded in 2003 and based in Carlstadt, the company will occupy 178 Commerce Road to support its continued growth, using the additional warehouse capacity to expand its import and distribution operations.
Headquartered in Rosemont, Illinois, Venture One Real Estate is a real estate private equity fund manager, developer and operating company specializing in the industrial sector. The company manages a series of discretionary value-add investment funds that target opportunities throughout the Midwest and Northeast, and currently owns and manages more than 10 million square feet of industrial space nationwide.
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About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service commercial real estate brokerage and property management firm. Serving a diverse client list, the company offers strategic solutions in office, industrial, and retail brokerage, investment sales, land sales, management, government services, and financing expertise.
As one of the original members of NAI Global, an international commercial real estate network with over 325 offices worldwide, NAI James E. Hanson continues to build on its legacy of excellence.
In 2025, the firm expanded its capabilities with the acquisition of The Garibaldi Group and NAI Summit, creating one of the region’s most experienced commercial real estate services platforms. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Teterboro office at 201-488-5800 or visit www.naihanson.com.