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PARSIPPANY, N.J, JULY 23, 2009 - NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, is pleased to announce that it has recently completed a 1,500-square-foot long-term retail lease agreement at 1-11 Anderson Avenue in Fairview, New Jersey. NAI Hanson's John J. Schilp, Senior Vice President, represented both the tenant, Zac's Optical's L.L.C., and the landlord, 1-11 Anderson Ave., L.L.C., in this transaction. "As the economy begins to ascend toward recovery and small deals and lease renewals continue to dominate the market, recognizing opportunities to sign long-term leases in prime locations at great rates is essential to remaining successful during these times," stated Schilp. "1-11 Anderson Avenue is well-situated in a prime location for most retail and restaurant establishments in the area, as it benefits from its position on a highly visible corner location, within close proximity to New Jersey transit bus and rail services as well as major roadways, and is right in the center of one of the busiest pedestrian visited intersections in Fairview." Situated in Bergen County, in one of the busiest locations in Fairview, New Jersey, 1-11 Anderson Avenue is located within a 20,000-square-foot freestanding building, which includes a 1,500-square-foot retail space that has been recently renovated and features 85-feet of windows along the storefront. Benefiting from its highly visible corner location, With five major bus stops within a block of the building. "Ultimately, this property's location and the surrounding Fairview area will be very helpful to Zac's Optical's future success in this market, playing a large role in why they chose this property as they continue to grow and expand," continued Schilp. "By moving quickly, we were able to locate the perfect property for Zac's and negotiate lease terms that were agreeable terms for both the landlord and the tenant, meeting the needs of both parties involved in this transaction. We are thrilled to have been involved in this transaction and look forward to identifying and securing similar opportunities for our clients in the future." About NAI James E. Hanson Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise. NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 325 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company's Hackensack office at 201-488-5800 or visit http://www.naihanson.com/.
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