|
- John Schilp and Michael Jamgotchian market high-traffic retail opportunities- HACKENSACK, N.J, APRIL 13, 2010 -NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, has been named as the exclusive leasing agent for four retail properties totaling 33,417 square feet. Properties include a two year old 11,867 square foot strip center at 81 Route 10 East in Randolph , NJ, a 13,700-square-foot prime retail space at 1234 Route 46, E. in Ledgewood, N.J. a 2,000 and 750 -square-foot retail space at 50 Route 10, West in East Hanover, NJ. and a 5,100 square foot free standing retail building at 31 Route 10 West, also in East Hanover, NAI Hanson Senior Vice President John Schilp and Sales Associate Michael Jamgotchian will be responsible for marketing these properties. 1234 Route 46, E., a former Bassett Furniture store, lies at the corner of Mount Arlington Road near the four-way intersection of Route 46 and Route 10, in the populous Roxbury, Morris County. This 13,700-square-foot building has an open floor plan and sits on 1.07 acres of land. It is easily accessible to traffic flowing in both directions on both Route 46 and Interstate 80, and it sites with many major retail stores, including Walmart, The Home Depot, Kohl's , Barnes & Noble and others. "1234 Route 46 is on a highway with a traffic volume of approximately 50,000 cars per day. This retail property also offers flexibility and transformability to prospective tenants due to its easily divisible open floor plan," stated Schilp. "This is the first time in nine years that this space has been available, and its unbeatable location makes it is a perfect fit for a retail tenant and is now available for below market rent of only $16/SF. 81 Route 10 East consists of eight retail spaces of 1,450 Square feet each. Located in affluent Randolph this center is conveniently located between the Franklin Avenue and Salem Street intersections making it accessible from both directions of Route 10. Amenities include the availability to leae at $19,75 / SF or purchase as retail condominiums for $250/ SF. Tenants can also lease with the option to buy making the property a unique offering in the marketplace. 50 Route 10, West (also in East Hanover) is a 16,000-square-foot retail building with 2,000-square-foot and 750 Square foot spaces available immediately. The property is situated directly off Route 10 with building access from the front and from the rear off of Littell Road. Multiple retail stores populate the surrounding area, and Novartis is headquartered across the street. 50 Route 10, W.'s Amenities include ample parking space in the front and rear of the building. 32 Route 10 West in East Hanover is a 5,100 square foot free standing retail building with great visibility and accessibility. It also features a full storage basement with conveyor. This location is one of Morris County's most important retail markets. Rent is quoted at only $18.50/SF considered to be below current rents in the area. "These properties are centrally located in densely populated, high-traffic corridors in Morris County retail," added Schilp. "With an affordable rental price, this building should be an easy lease, and Mike and I are looking forward to placing the right tenant in these prime spaces." 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 www.naihanson.com.
back to In The News
|
