PSE&G Acquires Industrial Site in Union County for $4.35M Substation Expansion

PSE&G acquires industrial site in Union County for $4.35M substation expansion

NAI James E. Hanson has brokered the sale of a 1.2-acre industrial property in Hillside to PSE&G for $4.35 million, with the utility planning to use the site to expand its adjacent substation.

PSE&G buys Hillside industrial site for $4.4 million, eyeing substation expansion – Real Estate NJ

138 Route 22 East in Hillside — Courtesy: NAI James E. Hanson By Joshua Burd PSE&G has acquired an industrial outdoor storage parcel in Hillside that will allow it to expand a substation on a neighboring property, brokers with NAI James E. Hanson said Wednesday. In a news release, the listing team said it represented a private seller in the transaction at 138 Route 22 East, which includes a 15,677-square-foot industrial building, a 2,192-square-…

NAI James E. Hanson negotiates sale of IOS site in Hillside to PSE&G

NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, negotiated the $4.35 million sale of a 1.2-acre industrial outdoor storage (IOS) property, at 138 Route 22 East in Hillside, to PSE&G. Senior Vice Presidents Russell J. Verducci and Eric Demmers represented the private seller in the transaction. Situated along Route 22 just three miles from Newark Liberty International Airport, the site featur…