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31 Farinella Dr 8,250 - 48,235 SF of Industrial Space Available in East Hanover, NJ 07936

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HIGHLIGHTS

  • 31 Farinella Drive presents state-of-the-art industrial space in a brand-new building, offering 48,235 square feet across a warehouse and mezzanine.
  • Enjoy a trove of property specifications, inluding five truck-level doors with levelers, a 28-foot clear ceiling height, and ample surface parking.
  • Features versatile I-3 zoning for potential R&D, warehouse, data, self-storage, light-industrial, and educational uses.
  • Surrounded by many amenities and located within a 30-minute drive from Downtown Newark, near convenient access to Interstates 80, 280, and 287.

FEATURES

Drive In Bays
1
Exterior Dock Doors
5
Levelers
5
Standard Parking Spaces
97

ALL AVAILABLE SPACES(2)

Display Rental Rate as

  • SPACE
  • SIZE
  • TERM
  • RENTAL RATE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 10,000-39,985 SF
  • 5-10 Years
  • Upon Request Upon Request Upon Request Upon Request
  • Industrial
  • Shell Space
  • Now

This property will features 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, reconditioned the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.

  • Lease rate does not include utilities, property expenses or building services
  • 1 Drive Bay
  • Can be combined with additional space(s) for up to 48,235 SF of adjacent space
  • Access to I-287
  • Includes 8,500 SF of dedicated office space
  • Space is in Excellent Condition
  • Central Air Conditioning
  • Access to I-80
  • Mezzanine
  • 8,250 SF
  • 5-10 Years
  • Upon Request Upon Request Upon Request Upon Request
  • Industrial
  • Shell Space
  • Now

This property will features 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, reconditioned the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.

  • Lease rate does not include utilities, property expenses or building services
  • 1 Drive Bay
  • Can be combined with additional space(s) for up to 48,235 SF of adjacent space
  • Access to I-287
  • Includes 8,500 SF of dedicated office space
  • High End Trophy Space
  • Central Air Conditioning
  • Access to I-80
Space Size Term Rental Rate Space Use Condition Available
1st Floor 10,000-39,985 SF 5-10 Years Upon Request Upon Request Upon Request Upon Request Industrial Shell Space Now
Mezzanine 8,250 SF 5-10 Years Upon Request Upon Request Upon Request Upon Request Industrial Shell Space Now

1st Floor

Size
10,000-39,985 SF
Term
5-10 Years
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Industrial
Condition
Shell Space
Available
Now

Mezzanine

Size
8,250 SF
Term
5-10 Years
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Industrial
Condition
Shell Space
Available
Now

1st Floor

Size 10,000-39,985 SF
Term 5-10 Years
Rental Rate Upon Request
Space Use Industrial
Condition Shell Space
Available Now

This property will features 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, reconditioned the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.

  • Lease rate does not include utilities, property expenses or building services
  • Includes 8,500 SF of dedicated office space
  • 1 Drive Bay
  • Space is in Excellent Condition
  • Can be combined with additional space(s) for up to 48,235 SF of adjacent space
  • Central Air Conditioning
  • Access to I-287
  • Access to I-80

Mezzanine

Size 8,250 SF
Term 5-10 Years
Rental Rate Upon Request
Space Use Industrial
Condition Shell Space
Available Now

This property will features 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, reconditioned the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.

  • Lease rate does not include utilities, property expenses or building services
  • Includes 8,500 SF of dedicated office space
  • 1 Drive Bay
  • High End Trophy Space
  • Can be combined with additional space(s) for up to 48,235 SF of adjacent space
  • Central Air Conditioning
  • Access to I-287
  • Access to I-80

PROPERTY OVERVIEW

Developed by New Vernon Equities, 31 Farinella Drive is a brand-new, state-of-the-art industrial facility in East Hanover, New Jersey. It features a 40,035-square-foot warehouse footprint with an additional 8,250 square feet of dedicated office space on the mezzanine. 31 Farinella Drive is available for single-tenant occupancy with a five-to-ten-year lease term. Versatile I-3 zoning allows for a wide variety of uses, such as warehouse, light industrial, R&D, data center, self-storage, and education possibilities. Capitalize on a 28-foot clear ceiling height and five truck-level doors with 40,000-pound mechanical dock levelers for each. Additional property features include 1,600-amp, 480-volt, 3-phase power, emergency lighting, an ESFR fire suppression system, and nearly 100 standard parking spaces. New Vernon Equities is the owner/developer of this property and the adjacent 30 Farinella, a completed and fully leased 75,500-square-foot bio-pharma manufacturing facility. The two buildings sit just off the Route 10 corridor, near many dining, retail, and entertainment amenities. Benefit from efficient travel to and from the property with easy access to Interstates 80, 280, and 287, and reach Downtown Newark within a 30-minute drive.

WAREHOUSE FACILITY FACTS

Building Size
48,235 SF
Lot Size
3.10 AC
Year Built
2024
Construction
Steel
Sprinkler System
ESFR
Power Supply
Amps: 1,600 Phase: 3
Zoning
I3 - Light Industrial

MARKETING BROCHURE

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
New York
8,398,748
29
0 h 49 m
Philadelphia
1,584,138
96
2 h 8 m
Washington
702,455
228
4 h 49 m
Boston
694,583
237
5 h 2 m
Columbus
892,533
534
10 h 1 m
Detroit
672,662
594
11 h 5 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
870,154
Total Labor Force
486,816
Unemployment Rate
3.87%
Median Household Income
$108,064
Warehouse Employees
63,141
High School Education Or Higher
93.70%

NEARBY AMENITIES

RESTAURANTS

Chili's Grill & Bar - - 14 min walk
The Office Bar And Grill Asian - 15 min walk
Starbucks Cafe $ 15 min walk

RETAIL

AMC Cinema 12 min walk
Petco Animal Care/Groom 13 min walk

HOTELS

Home2 Suites by Hilton
122 rooms
4 min drive
Sonesta Select
149 rooms
7 min drive

LEASING TEAMS

LEASING TEAMS

Michael Mackessy, Founding Partner
Mike Mackessy has 25+ years of Wall Street experience with Salomon Smith Barney, Citi, and Intercontinental Exchange, specializing in fixed income, capital markets, and complex deal structuring.  Additionally, he has more than 15 years of experience in real estate investment and development, across commercial, residential, and industrial assets.
Peter Gilpatric, Founding Partner
Peter Gilpatric is an experienced developer and former principal at LCOR with a proven track record in urban multi-phased projects across multiple geographies.  He has also advised on projects in Baltimore, Orlando, Honolulu, and San Francisco.
Mr. Gilpatric leads development at NVE, bringing decades of expertise to project execution.
Michael Schipper, Managing Director
Industrial real estate professional providing advisory services to e-commerce, logistics, trucking, warehousing, wholesaling, utility and manufacturing operators. Agency representation of owners, investors, landlords and tenants within the industrial segment of the commercial real estate industry.
Robert Loderstedt, Senior Managing Director
Robert Loderstedt joined Newmark in 2016 as a director in the firm’s East Brunswick, New Jersey, office. With 17 years of commercial real estate experience, Mr. Loderstedt specializes in advising tenants, property owners and investors in the acquisition, disposition and leasing of commercial properties.

On the corporate service multi-market side of the business, Mr. Loderstedt oversaw combined portfolios for Prudential Financial and The Hartford of over 300 owned and leased locations totaling more than 12 million square feet. Mr. Loderstedt executed and/or managed over 450 real estate transactions totaling in excess of 13 million square feet across 43 states for a six-year period.
Haylee McCabe, Associate Broker
Haylee McCabe joined Newmark in 2021 and currently serves as an Associate Broker in the company’s East Brunswick, New Jersey, office. After two years in the business, McCabe is gaining expertise in tenant and agency representation in the industrial warehouse and outdoor storage sectors.
Kyle Eaton, Executive Managing Director
Kyle Eaton, SIOR, is a leading industrial specialist with more than a decade of experience advising owners, investors and tenants of commercial real estate on the acquisition, disposition and leasing of industrial and flex properties throughout Central/Northern New Jersey. Eaton’s responsibilities include supporting clients with strategic planning, market research, economic incentive negotiations, lease restructuring, financial analysis and negotiations. He brings superior market knowledge and an enthusiastic approach that has proven to be a valuable resource to his clients. Since 2016, Eaton has completed more than 100 transactions valued in excess of $300 million.

In 2019, Eaton was awarded the SIOR industrial designation, which represents the most knowledgeable, experienced and successful commercial real estate brokerage specialists in the country.
  • Listing ID: 30818227

  • Date on Market: 7/22/2022

  • Last Updated:

  • Address: 31 Farinella Dr, East Hanover, NJ 07936

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