Market Insights

Elmwood Park, N.J. (August 27, 2019) – NAI James E. Hanson announces it has negotiated a 27,600-square-foot industrial/flex lease with Best Value Kosher Foods at 475 Mola Boulevard in Elmwood Park, N.J. NAI James E. Hanson’s Jeff DeMagistris, SIOR, Tom Vetter, SIOR, and Tom Ryan represented the owner, The Stro Cos., and the tenant, Best Value Kosher Foods, in the NAI James E. Hanson exclusive listing. The deal marks the second lease that NAI James E. Hanson’s DeMagistris, Vetter, and Ryan have negotiated this year at the property on behalf of The Stro Cos.

New Providence, N.J. (August 15, 2019) – NAI James E. Hanson announces it has negotiated the sale of an 8,064-square-foot medical office building at 1811 Springfield Avenue in New Providence, N.J. NAI James E. Hanson’s Andrew Kirshenbaum represented the buyer, See Clear Associates, LLC, in the transaction with the seller, Bussel Realty Corp.

Clifton, N.J. (August 13, 2019) – NAI James E. Hanson announces it has negotiated a lease extension for 5,511 square feet of medical office space located 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 transaction with the tenant, Kessler Institute for Rehabilitation, Inc., represented by John Morrissey of Jackson Cross Partners.

Parsippany, N.J. (August 07, 2019) – NAI James E. Hanson, one of the largest full-service independent commercial real estate firm in the State, announces it has negotiated the sale of a 67,434-square-foot industrial/flex building at 60 E. Halsey Road in Parsippany, N.J. NAI James E. Hanson’s Barry J. Cohorsky, SIOR, and LJ Koch represented the seller, Kent International, in the transaction and the buyer, an equity investor out of Boston, MA, was represented by Transwestern’s Rick Rizzuto and Tim Patterson.

Parsippany, N.J. (July 25, 2019) - NAI James E. Hanson announces it has completed three office leases totaling 8,601 square feet at 111 Littleton Road in Parsippany, N.J. NAI James E. Hanson’s Josh Levering, SIOR and Nicholas DePaolera represented the landlord,...

Hampton, N.J. (July 10, 2019) – NAI James E. Hanson announces it has negotiated the sale of a 6,000-square-foot retail building at 10 Route 94 in Hampton, N.J. NAI James E. Hanson’s Joe Vindigni represented the both the seller, Nadine Barbagallo, and the buyer, William and Barbara Martin, in the transaction.

Secaucus, N.J. (July 9, 2019) – NAI James E. Hanson has negotiated leases for 2,418 square feet of office space with Hudson Pro Orthopedics & Sports Medicine and 1,655 square feet of office space at with Nippon Travel Agency America, Inc. at 700 Plaza Drive in Secaucus, N.J. NAI Hanson’s Josh Levering, SIOR, and Nick DePaolera represented the landlord, The Carlton Group, LLC,  in the transactions.

Sparta, N.J. (July 2, 2019) – NAI James E. Hanson, Berardi Development Company, and Joe Maggio Concrete and Masonry were joined by Sparta Mayor Molly Whilesmith to celebrate the groundbreaking of 5 Aaron Way, a 10,400-square-foot industrial/flex space at the White Lake Commerce Park in Sparta, N.J.  on June 27th. NAI James E. Hanson’s John J. Schilp is the exclusive leasing broker for the brand-new building.  

Moonachie, N.J. (June 26, 2019)  – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a 25,526-square-foot lease at 175 Anderson Avenue in Moonachie, N.J. NAI James E. Hanson’s Jeff DeMagistris, SIOR, and Tom Vetter, SIOR, represented the landlord, 175 Anderson LLC, in the transaction with the tenant, Cactus Clothing Co. The lease deal follows the recent sale of the property, which was facilitated by the team of DeMagistris and Vetter in April.

Fair Lawn, N.J. (June 18, 2019)  – NAI James E. Hanson announces it has negotiated a 101,811-square-foot lease at 19-05 Nevins Road in Fair Lawn, N.J. NAI James E. Hanson’s Eric Demmers and Russ Verducci represented the tenant, RD Foods Americas, Inc., in the transaction.