Market Insights

River Edge, N.J. (October 4 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces they have negotiated the sale of a 16,500-square-foot two-story office building located at 10 Elizabeth Street in River Edge, N.J. NAI Hanson’s Andrew Somple and Anthony Cassano represented the owner, Crestview Associates, LLC, in the sale to NJCF Property, LLC.

New Milford, N.J. (October 3, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of 13.6 acres of land surrounded by Main Street, River Road and Madison Avenue targeted for development in New Milford, N.J. Andrew Somple and Greg James represented the seller, Suez Water North America, in the sale to New Milford Redevelopment Associates, a subsidiary of S. Hekemian & Co., Inc.

Englewood Cliffs, N.J. (August 29, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced that is has negotiated a lease for 1,440 square feet of office space to Halt Management, Inc. at 720 E. Palisade Avenue in Englewood Cliffs, N.J. NAI Hanson’s Randy Horning, MSRE, Darren Lizzack, MSRE, and Michael Guerra represented the landlord, Bedrock Realty Holdings, LLC, and the tenant, Halt Management Inc. in the exclusive listing.

Hackensack, N.J. (July 31, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service commercial real estate firm, announces that John C. Sawyer has joined its Hackensack office as a sales associate. Sawyer will work with Russell Verducci and Eric Demmers with a focus on sales and leasing of industrial properties in the northern New Jersey marketplace.

Hackensack, N.J. (July 24, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service commercial real estate firm, announces that Michael Guerra has joined its Hackensack office as a Sales Associate. Guerra will work with Randy Horning, MSRE, and Darren Lizzack, MSRE, and will focus on medical/ professional office sales and leasing along with investment sales in the northern New Jersey marketplace.

Summit, N.J. (July 21, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced that it has negotiated a lease for 2,375 square feet of office space to The Biber Partnership AIA at 480 Morris Avenue in Summit, N.J.  NAI Hanson’s Andrew Kirshenbaum and Tom Ryan represented the landlord, Lindabury, McCormick, Estabrook & Cooper, P.C., in the exclusive listing.

Budd Lake, N.J. (July 19, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced it has brokered the sale of the former Cherokee Trading Post, a 5,919-square-foot retail building, and a single family home on the adjacent lot located at 67 Rt. 46 in Budd Lake, N.J. NAI Hanson’s Sig Schorr represented the sellers, Allen and Tracy Typinski, and NAI Hanson’s Joe Vindigni represented the buyer, Rohan Kranti, in the transaction.

Ridgefield Park, N.J. (July 17, 2017)  – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, has arranged the sale of a 4,500-square-foot office building located at 158 Bergen Turnpike in Ridgefield Park, N.J. NAI Hanson’s Anthony J. Cassano represented the seller, Wooti Realty, LLC, in the transaction to 158 Bergen Owners, LLC.

Parsippany, N.J. (July, 14 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has brokered a lease for 3,337 square feet of Class-A office space to Huron Valley Financial at Boulevard Commons Office Center located at 1160 Parsippany Boulevard in Parsippany, N.J. NAI Hanson’s Josh Levering, SIOR, and Nicholas B. DePaolera represented the landlord, Micro Strategies dba Genelle II, LLC in the transaction. Boulevard Commons is also currently managed by NAI Hanson Management.