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HACKENSACK, N.J, APRIL 08, 2009 -NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, announced today that it has been named the exclusive leasing agent for 16,000 square feet of industrial warehouse/office flex space within an 18,000-square-foot warehouse facility, which is located at 200-202 River Street in Paterson, New Jersey. NAI Hanson's Louis Tapia, sales associate, is leading the marketing and leasing efforts on behalf of the property's owner, Panco Investments, LLC. "This space's unique size, incredibly competitive pricing and convenient location make this an ideal location for an artist's studio or a local merchant who is in need of additional off-site storage facility space, but is not interested in relocating," stated Tapia. "Passaic County continues to remain attractive to these types of smaller industrial tenants that are being impacted by the credit crunch and are being forced to downsize, relocate or cut operation costs. This trend is allowing for prospective tenants to find outstanding assets, such as this space, at affordable prices in well-positioned areas such as Paterson. We are confident that we will be able to find the perfect tenant for this property on behalf of our client." Situated in Paterson, New Jersey, which is approximately 12 miles from Newark and 16 miles from New York City, this property is centrally located at 200-202 River Street in Passaic County's Industrial Submarket, just minutes from Interstate 80, the Garden State Parkway and Routes 4, 20 and 46. The building offers access to a fully operational freight elevator and also includes free surface parking spaces and 7' to 14' foot ceiling heights. The 18,000-square-foot, three-story industrial building currently has availability on the second and third floors, which totals 16,000 square feet and includes 1,500 square feet of office space. Existing tenant, G. Panetta & Sons Construction, currently occupies space in the building. 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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