Market Insights

Hawthorne, N.J. (March 19, 2020) – NAI James E. Hanson announces it has negotiated the sale of a 10,761-square-foot mixed-use building at 297-301 Lafayette Avenue in Hawthorne, N.J. NAI James E. Hanson’s Andrew Somple, SIOR, and Justin Allessio represented the seller, the Van Beuzekom family, in the transaction with the buyer, Lighthouse Pregnancy Resource Center.

South Hackensack, N.J. (March 17, 2020) – NAI James E. Hanson has negotiated three leases totaling 86,774 square feet at 30 Wesley Street in South Hackensack, N.J. NAI James E. Hanson’s team of Andrew Somple, SIOR, Scott Perkins, SIOR, Justin Allessio, and Christopher Todd represented Boston-based property owner AEW Capital Management, L.P., in the transactions, which included a new lease with P&S Food Service, a lease renewal with NJ Label, and a temporary lease with Walmart to accommodate for holiday overflow.

Sparta, N.J. (March 12, 2020) – NAI James E. Hanson announces it has negotiated the sale of two industrial development sites at 2 and 4 Aaron Way in the White Lake Commerce Park in Sparta, N.J. NAI Hanson’s John Schilp represented the seller, Berardi Developers, in the NAI James E. Hanson exclusive transaction.

Teterboro, N.J. (March 4, 2020) – NAI James E. Hanson has announced that Thomas A. Vetter, SIOR, was recently named President of the New Jersey Chapter of the Society of Industrial and Officer Realtors® (SIOR NJ).

Teterboro, N.J. (February 26, 2020) – NAI Global, a leading, global network of owner-operated commercial real estate brokerage firms, earned the number three spot in the 2020 Lipsey Survey of Top 25 Commercial Real Estate Brands. The survey was conducted among 100,000 commercial real estate professionals using a combination of ballot voting, phone interviews and focus groups to identify the top global brands. NAI Global is the only owner-operated commercial real estate network represented in the top five. NAI James E. Hanson has been a member of NAI Global since 1982.

Hackensack, N.J. (February 25, 2020) – NAI James E. Hanson announces it has facilitated the sale of a 0.25-acre parcel at 17 Salem Street in Hackensack, N.J. NAI James E. Hanson’s Joan Cenicola and John Schilp represented the seller, Wells Fargo, in the transaction.

Jersey City, N.J. (February 19, 2020) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it negotiated the sale of a 3,401-square-foot retail building at 356 Central Avenue in Jersey City, N.J. NAI James E. Hanson’s Joan Cenicola and John Schilp represented the seller, Wells Fargo.

Fairfield, N.J. (February 10, 2020) – NAI James E. Hanson announces it has negotiated a lease for 23,875 square feet of industrial space at 155 Route 46 in Fairfield, N.J. NAI James E. Hanson’s Barry Cohorsky, SIOR, and LJ Koch represented the tenant, Kent International, Inc., and Resource Realty’s Greg Sabato represented the landlord, Richards & Robbins, in the transaction.

East Rutherford, N.J. (January 30, 2020) – NAI James E. Hanson announces it has negotiated a full building lease for 53,361 square feet of industrial space at 343 Murray Hill Parkway in East Rutherford, N.J. NAI James E. Hanson’s Kenneth Lundberg, SIOR, Patrick Lennon, Lorenzo Lambiase and Steve Pastor represented the landlord, 343 Murray Hill Parkway, Inc., in the transaction and Steve Elman of Cushman & Wakefield represented the tenant, Axis Global.

Edison, N.J. (January 28, 2020) – NAI James E. Hanson announces it has negotiated a 20,089-square-foot lease at 120 Fieldcrest Avenue in Edison, N.J. NAI James E. Hanson’s Kenneth Lundberg, SIOR, and Patrick Lennon represented the tenant, Vertex Distribution, in the transaction with the landlord, Summit Associates.