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Tenant relocating to 510 Thornall Street in Edison from 15 Corporate Place South in Piscataway because of the property's proximity to Metro Park station HACKENSACK, N.J, NOVEMBER 16, 2009 -NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, is pleased to announce the recent completion of a three-year 1,321 square-foot office lease transaction at 510 Thornall Street in Edison, New Jersey. NAI Hanson's Senior Vice President, Robert P. Rubin, represented the landlord, 510 Venture, LLC, and the tenant, Indibar Technologies, LLC. in this transaction. "In this transaction, the tenant was looking to relocate to a well-located space in Middlesex County that was more convenient to public transportation," said Rubin. "After a thorough search of office space in the region, I identified space within this quality office building, which was available for lease at an affordable rate and is within walking distance of the Metro Park New Jersey Transit station, thus fulfilling the needs of both the tenant and the landlord." Situated at 510 Thornall Street in Edison, this 1,321-square-foot office space is located within a 3-story 65,000 square-foot office property, which is easily accessible to the Garden State Parkway, New Jersey Turnpike, Routes 1, 9, 27, 440 and Interstate 287. In addition, the property offers ample covered and surface parking for tenants and is just minutes away from the Menlo Park Mall and Woodbridge Mall. "As the market continues to struggle, we are able to utilize our company's established platform and tools in order to identify and secure opportunities for our clients in well-located facilities such as this one," continued Rubin. "As rental rates continue to decrease, we are seeing more opportunities now than ever before. We are thrilled to have been able to complete this deal on agreeable terms for both parties and we look forward to working on transactions 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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