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Parsippany, N.J, MAY 12, 2009 -NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, announced it has been appointed the exclusive leasing agent by First Industrial Realty Trust for the office space portion of the Campus known as Montville Business Center, Pine Brook, New Jersey. The Campus includes over 10 buildings with 740,413-plus-square-feet of office and flex space. NAI Hanson's W. Joshua Levering, SIOR, Senior Vice President, along with Robert Borny and Gregory D. Reid, will be spearheading the leasing efforts on behalf of the onsite landlord, First Industrial Realty Trust. "Montville Business Center is a first-class mixed use park with superior location and amenities. The units of space we are marketing will stand out from the balance of the competitive marketplace. We will offer the best value for office space per-square-foot in the Morris/Essex County region," stated W. Joshua Levering, SIOR. "With onsite ownership, outstanding amenities and accessibility we will be able to attract a mirad of tenants to our park. Of particular interest are those with a high occupancy workforce, tenants needing flexibility in addition to those with non-traditional hours of operation. Our marketing will focus on the legal, training/teaching, financial service and technology firms. Levering continues, "Tenants primary concerns today include saving money on rents and flexibility of their space. We will be offering rental rates that will be dramatically below competing properties, in addition to our units having no common area space--that will bring an additional 17-20% savings in rent. We have self contained HVAC for each individual unit that is controlled by the tenant, so 24/7 access is at no extra charge. Our space is already built-out and can accommodate immediate occupancy. We have units that vary from 2,200 sf up to 15,000 sf. We can surely satisfy any of today's most sought after needs." Located within the Montville Business Center, NAI Hanson is currently marketing approximately 43,378 square feet four different buildings:39 Routes 46, 43 Routes 46: 55 Routes 46: And16 Chapin Road. Montville Business Center is well-situated in a highly-visible location that benefits from outstanding frontage on Route 46 and is within minutes of Interstates 80, 280, 287 and Routes 10, 23 and 24 and 202, Montville Business Center is within close proximity to a wide array of restaurants, hotels, retail shopping facilities, banks and is less than fifteen minutes to Morristown Regional or Newark Liberty International Airport. Amenities at the complex include professional landscaping, individually controlled air conditioning capabilities, 24/7/365 building access, loading dock capabilities, plentiful parking, all with the comfort of an on-site landlord and full-service maintenance crew. "We are thrilled to be working with First Industrial Realty Trust in our leasing efforts at Montville Business Center," stated Borny. "First Industrial has a tremendous reputation in New Jersey for their portfolio of first-class assets and we are confident in our abilities to deliver the appropriate marketing so tenants understand this facility is priced at a point whereby the value of our offering is unmatched in the marketplace." About NAI James E. HansonSince 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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