Market Insights

Bergenfield, N.J. (August 6, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 5,000-square-foot mixed-use building located at 205-207 North Washington Avenue in Bergenfield, N.J. NAI James E. Hanson’s Anthony Cassano represented both the seller, JAH Realty Associates, and the buyer, TLC Ventures, in the transaction.

Totowa, N.J. (July 28, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 119,592-square-foot industrial building at 922 Riverview Drive in Totowa, N.J. NAI James E. Hanson’s Scott Perkins, SIOR, and Christopher Todd represented the seller, 922 Riverview Drive Associates, in the transaction. McBride Corporate Real Estate represented the buyer, Innovative Cosmetic Concepts.

Randolph, N.J. (July 21, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 18,729-square-foot industrial building at 246 South Salem Street in Randolph, N.J. NAI James E. Hanson’s Team of Jonathan Kristofich and John Schilp represented the buyer, Salem Enterprises, LLC, and seller, a private Estate administered through JP Morgan Chase’s Estates & Trusts group, in the NAI James E. Hanson exclusive transaction.

Teterboro, N.J. (July 9, 2020) – NAI James E. Hanson announces that Lorenzo Lambiase has received his MBA with a concentration in Finance from Farleigh Dickinson University in Florham Park, N.J. Through the completion of his MBA, Lambiase will be able to build on...

Netcong, N.J. (July 7, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 2,100-square-foot mixed use building located at 36 Main Street in Netcong, N.J. NAI James E. Hanson’s Joe Vindigni represented the landlord, Robert McElroy, in this transaction with the buyer, DN Realty LLC.

Carlstadt, N.J. (July 1, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 76,624-square-foot industrial building at 463 Barell Avenue in Carlstadt, N.J. NAI James E. Hanson’s Scott Perkins, SIOR, Thomas Vetter, SIOR, Jeff DeMagistris, SIOR, and Christopher Todd represented the seller, Penwood Real Estate Investment Management, in the transaction with the buyer, Cheveux Corp. Elite Realtors of NJ and Team Resources represented Cheveux Corp in the transaction.

Elizabeth, N.J. (June 30, 2020) – NAI James E. Hanson announces it has negotiated a short-term lease for 49,300 square feet of industrial space located at 560-596 Bercik Street in Elizabeth, N.J. NAI Hanson’s Eric Demmers and Russell Verducci represented the sub- landlord, RIM Logistics, LTD, in the transaction with the tenant, Z Brothers Express, Inc. Dallas, Texas-based Rubicon Representation represented Z Brothers Express, Inc.

Parsippany, N.J. (June 9, 2020) – NAI James E. Hanson announces it has completed three office leases totaling 5,639 square feet at 111 Littleton Road in Parsippany, N.J. NAI James E. Hanson’s Josh Levering, SIOR and Nicholas DePaolera represented the landlord, Commercial Realty Group, in transactions with Jersey Mortgage Company, Shine Engineering, and Edward Lutz, LLC.

Chester, N.J. (May 28, 2020) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a 1,196-square-foot lease for Samson Management Services, LLC, a 1,176-square-foot lease with Vera Capital Management, LCC, an 818-square-foot lease with Bethel Way Guardians, LLC, and a 637-square-foot lease with International Brain Research Foundation, LLC to bring 1 Mill Ridge Lane in Chester, N.J. to full occupancy. NAI James E. Hanson’s Joe Vindigni represented the tenant and the landlord, MGHC Group, LLC, in the Samson Management Services, LLC, Vera Capital Management, and International Brain Research Foundation transactions. Vindigni represented the landlord in the transaction with Bethel Way Guardians.

Rutherford, N.J. (May 26, 2020) – NAI James E. Hanson announces it has negotiated a lease for 3,000 square feet of medical/ professional office space located at 75 Orient Way in Rutherford, N.J. NAI James E. Hanson’s Darren Lizzack, MSRE and Randy Horning, MSRE represented the landlord, 75 Orient Way, LLC., in this transaction with the tenant, Adamas Building Services, LLC.