Market Insights

Maywood, N.J. (April 29, 2021) – NAI James E. Hanson announces it has negotiated a lease for 2,537 square feet of professional office space at 61 West Pleasant Avenue in Maywood, N.J. NAI James E. Hanson’s Team Lizzack-Horning led by Darren Lizzack, MSRE, and Randy Horning, MSRE, represented the landlord, Dr. George Leipsner, in the transaction with Everyday Urgent Care.

Glen Rock, N.J. (April 19, 2021) – NAI James E. Hanson announces it has negotiated a lease for 2,757 square feet of retail space with Champions Martial Arts at 201 Rock Road in Glen Rock, N.J. NAI James E. Hanson’s Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the landlord, 201 Rock Road LLC, in the transaction.

Newark, N.J. (April 1, 2021) – NAI James E. Hanson announces it has negotiated an industrial lease for 6,000 square feet with Nextstop, LLC in the Ballantine Industrial Center at 397-447 Ferry Street in Newark, N.J. NAI James E. Hanson’s industrial team of Russell Verducci, SIOR, and Eric Demmers represented the landlord, Turnbridge Equities, LLC, in the transaction.

South Hackensack, N.J. (March 30, 2021) – NAI James E. Hanson announces it has negotiated a lease for a 27,500-square-foot industrial building at 550 Huyler Street in South Hackensack, N.J. NAI James E. Hanson’s Thomas Vetter, SIOR, Jeffrey DeMagistris, SIOR, Scott Perkins, SIOR, CCIM, and Christopher Todd represented the landlord, Folman Company, and the tenant, Parts Authority, in the transaction.

Fair Lawn, N.J. (March 11, 2021) – NAI James E. Hanson announces it has negotiated a lease for 3,741 square feet of medical office space with ChoicePoint LLC at 23-00 Route 208 in Fair Lawn, N.J. NAI James E. Hanson’s Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the landlord, 2300 RT 208 LLC, in the transaction.

Closter, N.J. (March 4, 2021) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of a 4,535-square-foot office building at 308 Harrington Avenue in Closter, N.J. NAI James E. Hanson’s Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the seller, Joseph Retcho, Jr., and Weichert Commercial Brokerage’s Cynthia La Terra represented the buyer, James Susan Realty LLC, in the transaction.

Hasbrouck Heights, N.J. (February 16, 2021) – NAI James E. Hanson announces it has negotiated a sale of vacant 15,390-square-foot bank building at 181 Boulevard in Hasbrouck Heights, N.J. NAI James E. Hanson’s Joan Cenicola and John Schilp represented the seller in the transaction with Bogota Savings Bank.

Chester, N.J. (February 10, 2021) – NAI James E. Hanson announces it has negotiated a lease for a 4,582-square-foot office space at 6 Mill Ridge Lane in Chester, N.J. NAI James E. Hanson’s Joseph Vindigni, Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the landlord, MGHC Group II LLC, and the tenant, CKW Wealth Management, in the transaction.

Glen Rock, N.J. (February 8, 2021) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated two leases for medical office space on Harristown Road in Glen Rock, N.J. The leases include 5,490 square feet for Eye Care Associates of NJ, LLC at 65 Harristown Road and 3,221 square feet for Progressive Spine & Orthopedics, LLC at 208 Harristown Road. NAI James E. Hanson’s Team Lizzack-Horning led by Darren Lizzack, MSRE, and Randy Horning, MSRE, represented the tenant, Eye Care Associates of NJ, LLC in the transaction with the landlord, 333 Realty, LLC in the transaction at 65 Harristown Road. Team Lizzack-Horning also represented the tenant, Progressive Spine & Orthopedics, LLC in the transaction with the landlord, 208 Glen Rock Associates, LLC, in the transaction at 208 Harristown Road.

(Jersey City, NJ – February 1, 2021) The New Jersey office of Duke Realty Corporation (NYSE: DRE), the leading domestic only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that it has completed the acquisition of a 102,224-square-foot industrial building at 66-96 East Union Avenue in East Rutherford, N.J. NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, helped negotiate the sale and lease of the facility. The acquisition has increased Duke Realty’s New Jersey portfolio to nearly 8.2 million square feet.