Haskell, N.J. (August 18, 2015) — NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, announces it has brokered the sale of a 3,800-square-foot neighborhood retail center located at 1108-1116 Ringwood Avenue in Haskell, N.J. NAI James E. Hanson’s Associate Vice President, Darren Lizzack, and Senior Sales Associate, Randy Horning, represented the seller, Abeth Reality Company Inc., in the transaction. Defino & Co. Realtors represented the buyer.
The retail center is home to Aloha Nails and national tenants Subway and The United State Post office which has served the community from the same location for more than 50 years. The property offers ample onsite parking and adjacent businesses include 711 and CVS Pharmacy.
“Investment properties continue to be in high demand due to a low interest rate environment combined with limited alternatives,” said Lizzack. “The property’s location, strong tenant mix and the triple net lease structure was attractive to the buyer in satisfying their investment criteria. The buyers were looking for a 1031 tax deferred exchange given they recently sold another like kind property and had a limited time to identify a replacement property to acquire.”
To stay connected with NAI James E Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook (www.facebook.com/NAIHanson), Twitter (@NAI_Hanson), and LinkedIn (https://www.linkedin.com/company/nai-james-e-hanson).
About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with 400 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.