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HACKENSACK, N.J, JULY 22, 2010 -NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, is pleased to announce the sale of a 0.3-acre commercial retail lot at 381 Broad Ave. in Leonia, N.J. NAI Hanson Associate Vice President Anthony Cassano represented the seller, Yamato Transport USA, Inc. and the buyer, The Borough of Leonia. The lot sold for $412,500.00. "After spending close to a million dollars cleaning up this lot of its own volition, Yamato Transport sold it to the borough of Leonia," stated Mr. Cassano. "The borough plans to use it as a parking lot, in the near future, to accommodate new retail development along the Downtown/Broad Avenue business district." Zoning for the lot, which is located in Leonia's Central Business District at the corner of Beechwood Place and Broad Avenue, allows for retail or professional office use. The property can accommodate a building as tall as three stories, pending approval. It is currently undergoing cleanup monitored by the New Jersey Department of Environmental Protection. The borough bought the property in "as is" condition. 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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