Market Insights

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.

Elmwood Park, N.J. (January 23, 2020) – NAI James E. Hanson announces it has negotiated a 3,005-square-foot lease expansion at Elmwood Park Plaza at 475 Market Street in Elmwood Park, N.J. NAI James E. Hanson’s Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the tenant, Peck Brothers LLC, in the transaction with the landlord, Alfred Sanzari Enterprises.

Port Murray, N.J. (January 21, 2020) –NAI James E. Hanson announces it has negotiated the sale of an 81.6-acre vacant parcel of land at 985 Route 57 in Port Murray, N.J. NAI James E. Hanson’s Sig Schorr represented the seller, Auto & Truck Wreckers, Inc., and the buyer, Irish Meadows, LLC in the transaction.

NAI James E. Hanson announces it has negotiated the sale of a 0.52-acre lot located at 8 Second Street in South Orange, N.J. NAI James E. Hanson’s Joan Cenicola and John Schilp represented the seller, Wells Fargo, in the transaction with 8 Second Street, LLC.

South Hackensack, N.J. (January 9, 2019) –NAI James E. Hanson announces it has negotiated the sale of a 20,000-square-foot industrial building at 143 Leuning St. in South Hackensack, N.J. NAI James E. Hanson’s Russell Verducci and Eric Demmers represented the buyer, City Knickerbocker, in the transaction with Schmidt Realty Company, LLC.

Phillipsburg, N.J. (December 18, 2019) –NAI James E. Hanson announces it has negotiated the sale of an 8,500-square-foot vacant elementary school building at 1 Fairview Avenue in Phillipsburg, N.J. NAI James E. Hanson’s Joseph Vindigni represented the buyer, Michael Tzezairlidis, in the transaction with the Phillipsburg Board of Education.

Rochelle Park, N.J. (December 11, 2019) – NAI James E. Hanson announces it has negotiated the sale of a 0.6-acre lot located at 121 Rochelle Avenue in Rochelle Park, N.J. NAI James E. Hanson’s Dominic Fittizzi represented the buyer, Bergen Landscaping, and the seller, Roy F. McGeady, in the transaction.

Parsippany, N.J. (December 3, 2019) – NAI James E. Hanson announces it has completed a lease with Client Instant Access for over 3,000 square feet of office space 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 (CRG), in the transaction with the tenant, Client Instant Access, LLC.