NAI James E. Hanson Inks Sale Of 30,250 Sf Industrial Office Building In Paterson, N.J.

HACKENSACK, N.J., FEB. 15, 2008 -NAI James E. Hanson closed the sale of a

30,250-square-foot industrial office building located at 610 East 32^nd Street in Paterson, N.J. NAI Hanson's Associate Vice Presidents Jeffrey W. DeMagistris and Thomas A. Vetter represented the seller, LEM Realty, LLC.

            "This was an ideal location for a mid-sized company that required warehousing and shipping space," said Mr. DeMagistris.  "The new owner, Gladstein Partnership, plans to use the property for the distribution and delivery of auto parts to local repair shops.

            610 East 32^nd Street is a one-story 30,250-square-foot building with 12'- 16' ceilings. The building features a 1,500-square-foot office space, ample on-site parking, two loading docks and two drive-in doors.  The property is visible on Market Street in Paterson and is convenient to Routes 80, 21, 46, 20 and the Garden State Parkway.

NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, government services, land sales, management, relocation facilitation and financing expertise.  NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 375 offices spanning the globe.  For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, president at the company's Hackensack headquarters at
201-488-5800 or visit http://www.naihanson.com/.

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