Market Insights

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.

North Bergen, N.J. (August 26, 2020) – NAI James E. Hanson announces it has negotiated a lease for 2,700 square feet of medical office space at 8305 Bergenline Avenue in North Bergen, N.J. NAI James E. Hanson’s Darren Lizzack, MSRE, and Randy Horning, MSRE, represented the landlord, The Estate of Robert Birns, in the transaction with the tenant, Holy Name Real Estate Group, which was represented by Jonathan Marks of Cresa.

Parsippany, N.J. (August 25, 2020) – NAI James E. Hanson announces it has negotiated a lease for 2,250 square feet of office space located at 108 Route 46 in Parsippany, N.J. NAI James E. Hanson’s Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the landlord, Peak Realty Enterprises, in the transaction with Care Finders Total Care, LLC.

Elizabeth, N.J. (August 24, 2020) – NAI James E. Hanson announces it has negotiated the sale and leaseback of an 8.25-acre last-mile site at 349-369 First Street in Elizabeth, N.J. NAI James E. Hanson’s Scott Perkins, SIOR, Christopher Todd, Russell Verducci, SIOR, and Eric Demmers represented the buyer, CenterPoint Properties, and Marc Imrem, J.D. DeRosa, and Colby Moore from Transwestern in Chicago represented the seller, Coach USA.

Teterboro, N.J. (August 18, 2020) – NAI James E. Hanson has announced that Vice President Russell Verducci has earned his Society of Industrial and Office Realtor’s® (SIOR) designation.

Parsippany, N.J. (August 12, 2020) – NAI James E. Hanson announces it has negotiated a lease for 119,366 square feet of industrial space at 75 Lackawanna Place in Parsippany, N.J. NAI James E. Hanson’s Scott Perkins, SIOR, represented the owner, Bee DIC Realty, in the transaction with the tenant, Commercial Furniture Transport, who was represented by Howard Weinberg of JLL.