Mountain Lakes, N.J. (December 13, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced they have sold The Plaza at Mountain Lakes, an 11,000-square-foot office building at 60 Midvale Road in Mountain Lakes, N.J. NAI Hanson’s Andrew Kirshenbaum, Barry Mayer, Arthur Hixson, Josh Levering, SIOR and Nicholas DePaolera all worked on behalf of seller, 60 Midvale, LLC, on this sale. The buyer, Giovanna Levato was by the Law Offices of Antonietta L. Milelli, LLC.
The Plaza at Mountain Lakes is a two-story, 11,000-square-foot multi-tenant office building with ample parking and flexible zoning allowing for both office and retail uses. The building is centrally located in Mountain Lakes nearby the Mountain Lakes train station and various commercial business establishments.
“The buyer recognized an opportunity to own a well-located investment while also being able to occupy a small unit for their business. Historically low interest rates and sustained demand for well-located commercial buildings throughout northern New Jersey creates the perfect opportunity for investors and users looking to purchase assets,” said Andrew Kirshenbaum. “Because of this, we focused early in our marketing process to position the building towards these types of opportunistic investors. Our experience with similar buildings supported us with our negotiations on behalf of our client to secure an acceptable price, terms and conditions for the building.”
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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 400 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 www.naihanson.com.