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Wachovia Bank relocates two branches in Somerset County HACKENSACK, N.J., MAY 19, 2010 - NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, is pleased to announce the completion of two long-term land-lease agreements for one-acre parcels in Franklin Township, N.J: Elizabeth Avenue at New Brunswick Road is a premier pad location in front of Shop Rite on Elizabeth Avenue; Bennetts Lane and Route 27 is at a signaled intersection providing better visibility and access than the former location. NAI Hanson Vice President Joan Cenicola represented the lessee, Wachovia Bank N.A., in both transactions. "Both of these relocations offer higher visibility for Wachovia Bank, which is looking to expand its customer base within Somerset County and to better serve its existing customers," stated Cenicola. "After evaluating the client's needs and conducting market research, I found these two locations satisfied the requirement". They're larger branches and offer expanded drive-thrus and better visibility, perfect fits for this tenant." The Bennetts Lane and Route 27 location is now open and the Elizabeth Avenue location is expected to open in late May. 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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