Elmwood Park, N.J. (May 25, 2017) – NAI James E. Hanson, a leading New Jersey based full-service independent commercial real estate firm, announces the sale of a 9,963-square-foot industrial/flex building located at 10 Bushes Lane in Elmwood Park, N.J. NAI Hanson’s Joshua Levering, SIOR, and Nicholas DePaolera represented the seller, RN Foster Associates LLC, a real estate entity for Trolex Corporation , in the transaction.
10 Bushes was originally purchased by RN Foster Associates in 1995, in a deal brokered by Levering. Levering has continued to work with RN Foster Associates and oversee this property along with others in the immediate area. As a part of this long-standing relationship, NAI Hanson is the exclusive listing agent for the sale of the remainder of RN Foster Associates’ Bushes Lane portfolio, which includes two other buildings totaling over 30,000-sq.-ft.
Trolex Corporation is a manufacturer of zone damper systems for HVAC, headquartered in Elmwood Park, NJ, and was the first company to successfully develop and market HVAC Zoning Systems starting back in the 1950’s. Today Trolex is a leading manufacturer of HVAC zone dampers and zoning systems throughout North America. The company sought to sell the space since their business has grown and requires a larger building to house their operations.
“Building long-term relationships with clients like RN Foster is crucial to our success and a focus of every broker at NAI Hanson,” said Levering. “By continually providing first-class commercial real estate expertise on behalf of our clients and customers, we are often able to oversee multiple deals for many of our clientele. Our representation of RN Foster has gone on for over 20 years and would not be possible without NAI James E. Hanson’s commitment to provide the local expertise and knowledge that allows our team at NAI Hanson to stand out amongst our peers.”
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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.