Market Insights

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.

El Campo, Texas (June 26, 2018) – NAI James E. Hanson and NAI Partners, a Houston, Texas member of the NAI Global network, are pleased to announce that they held the official ground-breaking ceremony on June 19th for the SW International Gateway Business Park, a 540-acre rail-served industrial development project in El Campo, Texas at the intersection of U.S. 59/I-69 and CR 211. Both firms are the exclusive marketing agents for the site which is a spec/build-to-suit industrial park.

Paterson, N.J. (June 12, 2018) – NAI James E. Hanson has announced the sale of Silk City Lofts, a 48-unit condominium and retail building, at 175 Broadway and an adjacent development site that was approved for 195 rental units at 105 Fair Street in Paterson, N.J. NAI James E. Hanson’s Anthony Cassano represented the seller, Great Falls Realty, LLC, and the buyer, JCM Investors, a Paterson-based real estate investment firm, in the transaction.

Englewood, N.J. (June 7, 2018) – NAI James E. Hanson has arranged the sale of a 3,321-square-foot retail building located at 491 Grand Avenue in Englewood, N.J. NAI Hanson’s Pablo Castro represented the seller, 491 Grand Ave. LLC, in the sale to NWR Realty Corp.