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 operating as ZONEFIRST, in the transaction.
10 Bushes was originally purchased by RN Foster Associates almost ten years ago, in a deal brokered by Levering. Levering has continued 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 SF.
ZONEFIRST is an air conditioning and damper manufacturing 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 ZONEFIRST is a leading manufacturer of HVAC zone dampers and zoning systems throughout the United States. The company sought to sell the space since their business has grown and requires a larger building to house their operations.
“ZONEFIRST knew that they could trust NAI Hanson to broker the sale of this property because of their prior relationship with our firm and our experience in the Elmwood Park market,” said DePaolera. “Utilizing our market knowledge, we were able to negotiate a deal to secure a premium price for this building and allow ZONEFIRST to move to a larger facility to continue to grow their business.”
“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 CRE 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 375 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.