Market Insights

Clifton, N.J. (March 26, 2020) – NAI James E. Hanson announces it has negotiated a lease extension for 21,895 square feet of medical office space with St. Joseph’s Hospital and a new lease for 5,050 square feet of medical office space with Dentistry for Children at 1135 Broad Street in Clifton, N.J. NAI James E. Hanson’s Randy Horning, MSRE and Darren Lizzack, MSRE represented the landlord, First Equity Development Company, in the transactions. St. Joseph’s Hospital was represented by Peter Rasmusson, Joe Tormen, and Michael Willis of Lee & Associates and Dentistry for Children was represented by Joe Lombardi of Masserano Real Estate and Consulting, Inc.

Elmwood Park, N.J. (March 25, 2020) – NAI James E. Hanson announces it has completed the sale of a 16,000-square-foot industrial/flex building at 55-57 Bushes Lane in Elmwood Park, N.J. NAI James E. Hanson’s Josh Levering, SIOR, and Nick DePaolera represented the seller, RN Foster Associates LLC, and Mission Realty represented the buyer, Bushes Lane Realty Corp.

Wyckoff, N.J. (March 24, 2020) – NAI James E. Hanson announces it has negotiated a lease for 16,500 square feet of industrial/flex space at 500 West Main Street in Wyckoff, N.J. NAI James E. Hanson’s Andrew Somple, SIOR, and Justin Allessio represented the landlord, The Stro Companies, in the transaction with the tenant, PRE Sales Inc.

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.