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PARSIPPANY, N.J, OCTOBER 21, 2009 -NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, is pleased to announce that it has recently completed the sale of a 43,700-square-foot industrial/flex facility at 1 Labriola Court in Armonk, New York. NAI Hanson's Associate Vice President's Thomas Vetter and Jeffrey DeMagistris, who co-brokered this deal with NAI Friedland, represented the owner, Coining Inc. in this transaction. The building was purchased by C.W. Brown, a full-service general contracting and construction management firm serving commercial clients in the Tri-State area. "We are continuing to see deal activity" stated Vetter. "These types of transactions are not commonplace in today's economic climate, where smaller deals are currently driving the market. However, in this case, we were able to utilize NAI Hanson's broad and diverse platform and services, as well as our deep knowledge of the market trends and the region, to attract the perfect buyer to occupy this well-located space." The property is situated just off Armonk-Bedford road on four acres of land in the heart of Westchester County, within close proximity to Route 120 and Old Route 22. The 43,700-square-foot building contains 19,280 square feet of office space, 5 tailgates, 92 paved parking spaces and is currently zoned for research, electronic and light industrial work. "Ultimately, this is an ideally situated property with the right layout and size to suit C.W. Brown's needs," explained DeMagistris. "As a full-service firm with a broad spectrum of expertise, we had the proper tools in place to be able to complete this transaction on behalf of our client and we look forward to working on opportunities of this kind 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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