Market Insights

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.

Englewood, N.J. (January 28, 2021) - NAI James E. Hanson announces it has negotiated a 2,506-square-foot retail lease at 28-46 South Dean Street in Englewood, N.J. NAI James E. Hanson’s Anthony Cassano and Ronald Fotiu represented both the landlord, JPMCC2006...

Kenvil, N.J. (January 19, 2021) – NAI James E. Hanson announces it has negotiated the sale of a 2.7-acre parcel of land at 82 N. Dell Avenue in Kenvil, N.J. NAI James E. Hanson’s John Schilp represented the seller, F&P Investments, LLC, and the buyer, 82 North Dell Avenue LLC, in the NAI James E. Hanson exclusive transaction. 

Wayne, N.J. (January 7, 2021) – NAI James E. Hanson announces it has negotiated the sale of a 156,627-square-foot industrial building at 30 Corporate Drive in Wayne, N.J. NAI James E. Hanson’s Michael Walters, SIOR, and Cameron Silverstein represented the seller, Robert Michael Associates, LLC, in the transaction with Forsgate Industrial Partners as the buyer.

Clifton, N.J. (January 5, 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 45,670-square-foot industrial building at 9 Bridewell Place in Clifton, N.J.  NAI James E. Hanson’s Ken Lundberg, SIOR, Darren Lizzack, Randy Horning, Pat Lennon, and Lorenzo Lambiase represented the seller, Challenge Partners, LLC, in the transaction with 3 V Company, Inc.

Mine Hill, N.J. (December 21, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 6.15-acre parcel of land zoned for residential development located at 106 Hurd Street in Mine Hill, N.J. NAI Hanson’s John Schilp represented the seller, Pansini Estate, and the buyer, 106 Hurd Street LLC, in the transaction.

Teterboro, N.J. (December 9, 2020) – NAI James E. Hanson announces that Team Lizzack-Horning has been named to GlobeSt. Real Estate Forum’s Influencers in Healthcare list for the second consecutive time. Selected annually, the GlobeSt. Real Estate Forum Influencers in Healthcare list recognizes the individuals, teams, and companies who have guided the healthcare real estate sector over the last year.

Westwood, N.J. (December 3, 2020) – NAI James E. Hanson announces it has negotiated a long-term lease renewal for an 11,360-square-foot industrial building located at 12 Sullivan Street in Westwood, N.J. NAI James E. Hanson’s Andrew Somple, SIOR, and John Schilp represented the landlord, 12 Sullivan Street LLC, and the tenant, Laguna 2 LLC in the transaction. Schilp and Somple were also hired by 12 Sullivan Street LLC to market the property for sale as an investment opportunity.

North Bergen, N.J. (December 1, 2020) – NAI James E. Hanson announces it has negotiated a lease for 110,000 square feet of industrial space at 7300 West Side Avenue in North Bergen, N.J. NAI James E. Hanson’s Scott K. Perkins, SIOR, Tom Vetter, SIOR, Jeff DeMagistris, SIOR and Chris Todd represented the landlord, Link Logistics Real Estate (“Link Logistics”) in the transaction. Wenying “Linda” Tan of Oxford Property Group USA represented the tenant, High May, Inc.