Clifton, N.J. (October 26, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces they have completed the sale of 10,876 square feet of professional space at 1030 Clifton Avenue in Clifton, N.J. NAI Hanson’s Josh Levering, SIOR, and Nicholas DePaolera represented Realty Investment Associates as seller.
1030 Clifton Avenue is a two-story, 21,734-square-foot office/professional building situated in the heart of Clifton Avenue’s well-known professional corridor. 1030 is a very prominent building as its location, size and existing tenants have been long-term Clifton businesses. The buyer purchased the entirety of the second floor on a condominium basis and has plans to renovate, upgrade and occupy the space as a medical office.
“In today’s market, many smaller business owners are recognizing the advantages of building ownership versus leasing. Especially when making significant upgrades and renovations to a space for your own business, you can create a long-term appreciable asset,” said Levering. “We worked closely with seller to promote and market this building as a value-add opportunity. The buyer was looking to make an investment for themselves and their business. As we have been involved in numerous similar situations for the past few years, this sale further showcases there is still a very strong market for well-located and well-priced office properties.”
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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 over 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.