Market Insights

Teterboro, N.J. (November 5, 2020) – NAI James E. Hanson announces that President William C. Hanson, SIOR, has been named Chairman of the Board of Directors for the Commerce and Industry Association of New Jersey (CIANJ).  

Franklin Lakes, N.J. (November 2, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 0.65-acre development site at 833-837 Franklin Avenue in Franklin Lakes, N.J. NAI James E. Hanson’s Anthony Cassano and Ken Lundberg, SIOR, represented the seller, William Vermeulen, and the buyer, Lenny Turi, in the transaction.

Elizabeth, N.J. (October 29, 2020) – NAI James E. Hanson announces it has negotiated a lease for 28,900 square feet of industrial space at 475 Division Street in Elizabeth, N.J.  NAI James E. Hanson’s Barry Cohorsky, SIOR, and John Koch represented the landlord, Tree Realty, and Robin Ritter-Ceriello of Cushman & Wakefield, represented the tenant, Motion Express, in the transaction.

Fairfield, N.J. (October 28, 2020) – NAI James E. Hanson announces it has negotiated a lease for 10,400 square feet of industrial space located at 18 Commerce Road in Fairfield, N.J. NAI James E. Hanson’s Scott Perkins, SIOR, and Chris Todd represented the tenant, Trible’s, in the transaction with RFP 18 Fairfield Associates, LLC, an entity controlled by The Richards and Robbins Group of Morristown, NJ.

South Hackensack, N.J. (October 21, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 4,400-square-foot industrial building located at 11 Leuning Street in South Hackensack, N.J. NAI James E. Hanson’s Justin Allessio represented the seller, Larjil Realty Holding Corp, and the buyer, Premier Group Holdings, in the NAI James E. Hanson exclusive transaction.

Newark, N.J. (October 6, 2020) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated two industrial leases in the Ballantine Industrial Center at 397-447 Ferry Street in Newark, N.J. for 31,359 square feet with One Stop of Newark, LLC, and 27,838 square feet with Prime Building and Maintenance Supply.

Woodbridge, N.J. (September 23, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 30,000-square-foot industrial building at 3 Convery Boulevard in Woodbridge, N.J. NAI James E. Hanson’s Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the buyer, Nest Scientific USA, Inc, in the transaction with ELKH Associates Limited Partnership.

South Hackensack, N.J. (September 10, 2020) – NAI James E. Hanson announces it has negotiated a lease for 27,177 square feet of industrial space at 30 Wesley Street in South Hackensack, N.J. NAI James E. Hanson’s Scott Perkins, SIOR, Andrew Somple, SIOR, Chris Todd, Greg James, and Justin Allessio represented the landlord, CPT NJ 30 Wesley, LLC, in the transaction with Guardian Data Destruction, Inc.

Hackensack, N.J. (September 9, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 30,000-square-foot industrial building located at 80 Commerce Way in Hackensack, N.J. NAI James E. Hanson’s Scott Perkins, SIOR, and Chris Todd represented the seller, Canaan Korean Community Church, in the transaction with the buyer, Pilgrim Mission Church, who was represented by William Lee of Coldwell Banker Fort Lee.

Hackensack, N.J. (August 27, 2020) – NAI James E. Hanson announces it has negotiated a lease for a 7,400-square-foot building at 74 Green Street in Hackensack, N.J. NAI James E. Hanson’s Dominic Fittizzi, represented the tenant, AGL Development LLC, and the landlord, 74 Green St. LLC, in the NAI James E. Hanson exclusive transaction.