Parsippany, N.J. – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of five adjacent lots located at 10-30 Fanny Road in Parsippany, N.J. for $3.68 million. NAI James E. Hanson’s Michael Walters, SIOR and Cameron Silverstein represented the seller, HFC Holdings, LLC in the transaction with the buyer, H.K. Truck Center, Inc.
The lots comprising 10-30 Fanny Road cover 3.4 acres and include a 15,818-square-foot maintenance building. Located just off Route 202 at the intersection of Intervale Road and Fanny Road in eastern Morris County, the property also boasts close proximity to several major transportation outlets including Interstates 287, 80 and Route 46.
Founded in 1982, H.K. Truck Center is a leading dealership for commercial truck parts, service, rental, leasing and sales with its headquarters located in South Plainfield, N.J. A long-time tenant at 10 Fanny Road, the company plans to demolish the existing buildings at 10-30 Fanny Road and redevelop the property into a state-of-the-art truck repair facility.
“With the limited supply of space available for redevelopment in Morris County and the surrounding area, we are thrilled to have helped our client secure fair market value while allowing a tenant to continue operating their business at the space,” said Walters. “We look forward to continuing our work with our client, HFC Holdings, and wish H.K. Truck Center all the best going forward.”
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