Market Insights
NAI Hanson Negotiates Sale of Vacant 114,500-Square-Foot Industrial Building in Allendale, N.J.
Allendale, N.J. (July 7, 2021) – NAI James E. Hanson announces it has negotiated the sale of a 114,500-square-foot industrial building at 230 W. Crescent Avenue in Allendale, N.J. NAI James E. Hanson’s Michael Walters, SIOR represented the buyer, The Hampshire Companies, in the transaction with the Borough of Allendale. Walters will partner with Richard Van Houten of The Van Houten Group to lease the property.
NAI James E. Hanson Negotiates Sale and Partial Leaseback of 45.75-Acre Industrial Campus in Bucks County, Pa.
Trevose, Pa. (June 30, 2021) – NAI James E. Hanson announces it has negotiated the sale and partial leaseback of an 11-building, 332,400-square-foot industrial campus on 45.75 acres located at 4636 Somerton Road in Trevose, Pa. NAI James E. Hanson’s Andrew Somple, SIOR, and Justin Allessio represented the seller, SUEZ Water Technologies and Solutions (WTS) USA, in the sale with the buyer, J.G. Petrucci Company, Inc. As part of the agreement, SUEZ USA has leased back 93,000 square feet to retain its headquarters at the property. Additionally, RLS USA, Inc., a former GE subsidiary, will lease 20,000 square feet for research and development.