8 Evans St., in Fairfield

By Cecilia Levine From Daily Voice

A highly sought-after industrial property in North Jersey has sold for $8.74 million, following intense competition among buyers, commercial brokers said.

The 3.35-acre site, located at 8 Evans St., in Fairfield, includes a 28,000-square-foot warehouse and valuable industrial outdoor storage, according to NAI James E. Hanson. The property sits just off Route 46 with direct access to Interstates 80 and 280, making it one of the most functional industrial offerings in the Fairfield submarket, the firm said.

“Our client was in a strong position given the unique utility and location of the asset,” Walters said. “Properties like 8 Evans Street rarely come to market, and that scarcity helped drive a highly competitive process among qualified buyers.”

The Hanson team ran a targeted marketing campaign aimed at institutional investors and active owner-users.

“Sustained rent growth within institutionally owned industrial assets continues to push more operators toward ownership as a strategic alternative,” Silverstein said. “The response we received to this listing underscores just how strong owner-user demand is for well-located, highly functional properties like 8 Evans Street.”

Brokers said the deal reinforces the strength of the Route 46 industrial corridor, where limited supply and rising rents are pushing more companies to purchase property outright.

Michael G. Walters, SIOR, Executive Managing Director, Corporate Services, and Cameron Silverstein, Associate Vice President of NAI James E. Hanson, represented the seller, Anderson and Vreeland Realty Co. The buyer, KF Mechanical, LLC, purchased the site for owner-use.

NAI James E. Hanson, founded in 1955, expanded again in 2025 with the acquisition of The Garibaldi Group and NAI Summit, creating one of the region’s most experienced commercial real estate platforms.