Market Insights

Parsippany, N.J. (September 27, 2018) – Executives from NAI James E. Hanson, a leading New Jersey based full-service independent commercial real estate firm, and Commercial Realty Group (CRG) were joined by State Senator Anthony Bucco, State Assemblyman Jay Webber, and Parsippany Township Council members, Loretta Gragnani and Michael DePierro to celebrate the ribbon cutting for 111 Littleton Road, a renovated 36,289-square-foot three-story office building at the intersection of I-80 and I-287 in Parsippany, N.J.

Lodi, N.J. (September 27, 2018) – NAI James E. Hanson announces the sale of a 73,373-square-foot industrial building at 39 Robinson Road in Lodi, N.J. NAI Hanson’s team of Scott Perkins, SIOR, Andrew Somple, SIOR, Greg James, Christopher Todd and Justin Allessio represented the seller, AEW, in the transaction with Mood Fabrics.

Parsippany, N.J. (September 21, 2018) –NAI James E. Hanson has negotiated a lease for an approximately 12,000-square-foot retail/showroom building with Home Comfort Furniture at 120 Rt. 46 W. in Parsippany, N.J. NAI Hanson’s Randy Horning and Darren Lizzack represented the tenant, Home Comfort Furniture, and the landlord, Peak Realty Enterprises LLC, in the NAI James E. Hanson exclusive transaction.

Florham Park, N.J. (September 7, 2018) – NAI James E. Hanson has negotiated the sale of a 3,950-square-foot retail building at 77 Hanover Road in Florham Park, N.J. NAI James E. Hanson’s Joan Cenicola and John Schilp represented the seller, DFK Associates, in the transaction.

Teterboro, N.J. (August 29, 2018) – NAI James E. Hanson announces that Rita Tignini and Raquel Perez have joined its Teterboro, N.J. office. Tignini will be serving as a Property Accountant and Perez will be serving as an Accounts Receivable Bookkeeper for NAI James E. Hanson’s Property Management team, which currently manages over six million square feet of commercial real estate space throughout New Jersey.

Lebanon Twp., N.J. (August 14, 2018) – NAI James E. Hanson announces it has arranged the sale of 244 acres of land along Mt. Lebanon Road in Lebanon Township, N.J. NAI James E. Hanson’s John J. Schilp and Sigmund Schorr represented the buyers, New Jersey Conservation Foundation, New Jersey Green Acres Program, Lebanon Township, Hunterdon Land Trust, The Nature Conservancy, Victoria Foundation, 1772 Foundation, Leavens Foundation and the New Jersey Water Supply Authority, and the seller, Earl Pelio, in the transaction.

Newark, N.J. (August 9, 2018) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has represented Ampersand Health in securing a location to provide full primary medical services at the newly constructed Springfield Avenue Marketplace, located at  204-234 Springfield Avenue in Newark, N.J. NAI James E. Hanson’s W. Joshua Levering, SIOR, and Nicholas DePaolera represented Ampersand Health in the transaction. The landlord, Tucker Development, was represented internally by Jake Frantzman of Ripco Real Estate.

Elmwood Park, N.J. (July 19, 2018) – NAI James E. Hanson announces it has brokered a lease for  4,970 square feet of office space for Peck Brothers, LLC  at 475 Market Street in Elmwood Park, N.J. NAI James E. Hanson’s Randy Horning, MSRE, Darren Lizzack, MSRE, and Mike Guerra represented the tenant in the transaction.

Carlstadt, N.J. (July 17, 2018) – NAI James E. Hanson has negotiated a lease for a 40,000-square-foot industrial building with NIS CP Corp. at 223 Veterans Boulevard in Carlstadt, N.J. NAI Hanson’s Kenneth Lundberg, SIOR, and Patrick Lennon represented the Tenant, NIS CP Corp. and John Friedland of United Realty Advisors represented the Landlord, Sitex, in the transaction.

Roxbury, N.J. (July 12, 2018) – NAI James E. Hanson announces it has arranged the sale of two parcels of land totaling 48 acres that have been approved for a zip line adventure park located at Mount Arlington Road and 1233 Route 46 in the Ledgewood section of Roxbury Township, N.J. NAI James E. Hanson’s John J. Schilp represented the seller, Darl Enterprises, LLC, in the sale to Flagstaff Extreme, LLC.