Market Insights

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.

Hackensack, N.J. (June 5, 2018) – NAI James E. Hanson announced the promotion of Russell J. Verducci to Vice President. Verducci specializes in industrial transactions in the northern New Jersey marketplace with a focus on logistics, site selection, and cold storage.

River Edge, N.J. (May 24, 2018) – NAI James E. Hanson announces the sale of a 3,112-square-foot office condo at 63 Grand Avenue in River Edge, N.J. NAI Hanson’s Darren Lizzack, MSRE, Randy Horning, MSRE, and Michael Guerra represented the buyer, Dr. Dan S. Landmann, and Joe Tormen of Lee & Associates represented the seller, 63 Grand Ave, LLC in the transaction.

Elmwood Park, N.J. (May 22, 2018) – NAI James E. Hanson announces it has negotiated the sale of a 45,000-square-foot industrial/flex building 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 seller, 475 Boulevard, LLC, in the sale to Millstein Acquisitions in the NAI James E. Hanson exclusive listing.

Englewood, N.J. (May 17, 2018) – NAI James E. Hanson announces it has brokered three lease renewals at the Van Brunt Business Center in Englewood, N.J.  Marathon Enterprises renewed their 5,000-square-foot lease at 9 Smith Street, GNS Trading Corp re-signed for 5,000 square feet at 21 Smith Street and ForTec Medical renewed their 5,000-square-foot lease at 41 Smith Street. NAI Hanson’s Ken Lundberg, SIOR, Steve Pastor, and Patrick Lennon represented the landlord, West Forest Avenue Industrial, Inc. and the tenants in the transactions at 9 and 41 Smith Street. Young Lee of Eastern Realty represented GNS Trading Corp in their renewal negotiation at 21 Smith Street.

Elizabeth, N.J. (May 15, 2018) – NAI James E. Hanson announces it has brokered a lease for 28,900 square feet of industrial space with NJ Rubber, LLC at 475 Division Street in Elizabeth, N.J. NAI James E. Hanson’s Barry J. Cohorsky, SIOR, LJ Koch and John Schilp...

Hackensack, N.J. (May 10, 2018) – NAI James E. Hanson announces that Susan Fox has joined its Hackensack, N.J. office as a Sales Associate. Susan will work exclusively with Steve Pastor, Vice President, Global Supply Chain & Ports/Rails Logistics Practice, on...