Market Insights

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.

Wayne, N.J. (May 19, 2020) – NAI James E. Hanson announces it has successfully completed a new lease for 2,878 square feet of office space at Wayne Solar Center located at 1655 Valley Road in Wayne, N.J. NAI James E. Hanson’s W. Joshua Levering, SIOR, represented the tenant, United Yarn Products Co. in the transaction with the landlord, Signature Acquisitions.

Bridgewater, N.J. (May 13, 2020) – NAI James E. Hanson announces it has negotiated an office lease renewal at CenterPointe IV located at 1140 Route 22 East in Bridgewater, N.J. NAI James E. Hanson’s Joshua Levering, SIOR, and Nick DePaolera represented the tenant, R&J Strategic Communications, in the transaction with Signature Acquisitions.

Hackensack, N.J. (May 12, 2020) – NAI James E. Hanson announces it has negotiated a lease for a 22,526-square-foot industrial building located at 105-111 S. State Street in Hackensack, N.J. NAI James E. Hanson’s Patrick Lennon and Kenneth Lundberg, SIOR, as well as NAI Mertz’s Fred Meyer represented the landlord, Turabdin, in the transaction with the tenant, Advance Apparels, represented by Stevie Muller of Equity 3.

Sparta, N.J. (April 4, 2020) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of a 10,400-square-foot spec industrial building at 7 Aaron Way in the White Lake Commerce Park in Sparta, N.J. NAI Hanson’s John Schilp represented the seller, JAM Properties, in the NAI James E. Hanson exclusive transaction.

Parsippany, N.J. (April 21, 2020) – NAI James E. Hanson announces it has negotiated a 1,880-square-foot office lease renewal at 354 Eisenhower Parkway in Livingston, N.J. NAI James E. Hanson’s Joshua Levering, SIOR, represented the tenant, The Durkin Firm, in the transaction with Eastman Management.