NAI James E. Hanson Negotiates Sale of 9,560–Square-Foot Mixed-Use Building in Denville, N.J.

Jun 21, 2023

Denville, 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 a 9,560 square-foot office and industrial building at 305 Palmer Road in Denville, N.J. NAI James E. Hanson’s Joseph Vindigni represented the seller, Venturini Investments Group Limited. The buyer, Groome Industrial Service Group, LLC, was represented by Charity Realty International, LLC.

305 Palmer Road is a three-story building zoned for office, warehouse and outdoor storage use. Situated on 1.39 acres, the building features newly renovated offices, has ample on-site parking and is conveniently located in proximity to Routes 10 and 46 as well as Interstates 80 and 287.

Selected as the exclusive brokerage firm for the property, NAI James E. Hanson utilized its extensive experience in the Morris County market to list the property and attract interested buyers. The buyer, who was in the market to relocate from Fairfield, N.J., took interest in the property’s location and mixed-use zoning and will fully occupy the building to operate its specialty industrial maintenance business.

“It’s not often that you see a property zoned for office, warehouse and outdoor storage,” said Vindigni. “Pair that with its convenient location near major highways and it becomes clear that 305 Palmer Road can fit the needs of a variety of businesses and investors. We’re proud to have provided the real estate services needed to find a high-quality match between buyer and seller and help our client secure the best possible value for their building.”

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