HARRISON & KEARNY, NJ — May 2025 — In a landmark victory for New Jersey’s industrial real estate market, Scott Perkins and Christopher Todd of NAI James E. Hanson have been honored with the SIOR 2024 Top Transaction Award in the category of Largest Industrial Deal. The Society of Industrial and Office Realtors (SIOR), representing a global network of over 4,000 elite commercial brokers, recognized the pair for their role in one of the most significant industrial outdoor storage (IOS) transactions in state history—a massive $156.3 million portfolio sale across Harrison and Kearny.
This recognition doesn’t just reflect a single transaction—it highlights New Jersey’s strategic importance as a hub for logistics, warehousing, and industrial investment in the Mid-Atlantic.
🧱 A Deal That Reshapes the Industrial Landscape
The deal itself is a remarkable assemblage of off-market properties across six parcels:
- 310 & 505 Manor Avenue (Harrison)
- 401 & 500 Supor Boulevard (Harrison)
- 129 Sanford Avenue (Kearny)
- 433 Bergen Avenue (Kearny)
Spanning 48.7 acres of prime industrial outdoor storage space, the portfolio sits just minutes from the ports of Newark and Elizabeth, Newark Liberty International Airport, and key highway connections including I-280, I-78, and the NJ Turnpike. These logistics-friendly locations make it one of the most desirable IOS collections in the region.
In an industrial real estate environment where location, access, and scale drive value, this transaction is a game-changer—not only for the involved firms but for Northern New Jersey’s industrial real estate ecosystem.
🤝 A Testament to Strategy and Expertise
Perkins and Todd, alongside their colleague William Ericksen, represented Ambient Capital Partners, a Chicago-based real estate investment firm. Their ability to assemble this portfolio off-market, in a competitive landscape with tight inventory and rising land values, underscores the deep market knowledge and negotiation strength the team brought to the table.
“This award is a testament to the hard work and dedication that Scott and I bring to every assignment,” said Todd. “We’re honored to be recognized and proud to contribute to one of the most impactful industrial transactions New Jersey has seen.”
💼 Why This Matters for New Jersey’s Economy
This transaction highlights New Jersey’s ongoing evolution as a national logistics powerhouse. With demand for industrial outdoor storage skyrocketing—driven by e-commerce, supply chain restructuring, and last-mile delivery requirements—locations like Kearny and Harrison are becoming increasingly critical for developers and investors alike.
Industrial outdoor storage properties, which support uses such as truck parking, fleet maintenance, and laydown yards, are now commanding premium prices due to their scarcity and strategic importance near metro markets. With so few large parcels available, especially within proximity to NYC and the ports, this $156M deal isn’t just big—it’s indicative of a broader shift in industrial land use and value.
📈 What It Signals for 2025 and Beyond
The recognition by SIOR is also a reflection of where the commercial real estate market is heading in New Jersey:
- Continued growth in industrial demand—especially in logistics, warehousing, and outdoor storage
- Heightened competition for off-market opportunities as buyers look to scale up without waiting for public listings
- High investor interest in redevelopment and repositioning opportunities near transit corridors and ports
With NAI James E. Hanson leading the way in industrial brokerage excellence, this award positions the firm—and its clients—at the forefront of the next wave of real estate transformation across the Garden State.
🏆 About SIOR and the Impact of the Award
The Society of Industrial and Office Realtors (SIOR) represents the most qualified commercial real estate professionals in the world. Its annual Top Transaction Awards celebrate the largest, most complex, and most high-impact deals across office, industrial, and specialty sectors. For a team to receive this honor among thousands of high-performing brokers across the globe is both rare and prestigious.
In receiving this award, Perkins and Todd have cemented their status as top-tier real estate professionals, capable of navigating complexity, identifying hidden value, and executing at the highest level.
🗺️ Explore New Jersey Takeaway
This isn’t just a real estate story—it’s a story of regional growth, expert strategy, and economic momentum. As New Jersey continues to attract national and global investors, deals like this one will shape how communities grow, how logistics networks evolve, and how commercial real estate adapts to the demands of a post-pandemic, e-commerce-fueled world.
Whether you’re a business owner looking for your next industrial site, an investor watching the market, or a local proud of New Jersey’s expanding role in the global economy—this deal is one to remember.
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