Market Insights
NAI James E. Hanson and Van Houten Group Negotiate Sale of Historic Loft Building in Paterson, N.J.
Paterson, N.J. (August 11, 2021) – NAI James E. Hanson and Van Houten Group announce they have negotiated the sale of 468 Totowa Avenue, a 108,000-square-foot, four-story historic loft complex in Paterson, N.J. NAI James E. Hanson’s Michael G. Walters, SIOR and Cameron Silverstein along with Van Houten Group’s Richard Van Houten represented the seller, 468 Totowa Avenue, Inc. in the sale to 100 Mile Renard Totowa LLC.
NAI James E. Hanson Continues Strong Leasing Activity At Parsippany Office Building
Parsippany, N.J. (July 21, 2021) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated leases with RealSafe Title, LLC for 4,078 square feet and with Bluebird Auto Rental Systems, Inc for 1,619 square feet of office space at 111 Littleton Road in Parsippany, N.J. NAI James E. Hanson’s Josh Levering, SIOR represented the landlord, Commercial Realty Group (CRG), in the transaction.
NAI Hanson Negotiates 16,438-Square-Foot Industrial Lease in Meadowlands
East Rutherford, N.J. (July 15, 2021) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces a new lease with BetterPak for 16,438 square feet of industrial space located at 99 Murray Hill Parkway in East Rutherford, N.J. Jeff Chaus of Chaus Realty represented BetterPak, and NAI Hanson’s Kenneth Lundberg, SIOR, Steve Pastor, Patrick Lennon, and Lorenzo Lambiase represented the landlord, 99 Murray Hill Parkway, Inc., in the transaction.
NAI James E. Hanson Negotiates Two Industrial Leases to Bring 70,588-Square-Foot Parsippany Industrial Building to Full Occupancy
Parsippany, N.J. (July 13, 2021) – NAI James E. Hanson announces it has negotiated a renewal with Worldpac for 43,419 square feet and a new lease with Silk Road Wholesale & Distributors for 27,169 square feet of industrial space at 343 Walsh Drive in Parsippany, N.J. NAI James E. Hanson’s Scott Perkins, SIOR, Christopher Todd, William Ericksen and Dena Scott represented the landlord, Cranberry Realty, in both transactions. Jules Nissim of Cushman & Wakefield represented Worldpac and Chad Hillyer of JLL represented Silk Road Wholesale & Distributors in their respective transactions.
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.