Chester Borough, N.J. (September 7, 2022) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of a 7,000-square-foot office building at 51 Grove Street in Chester Borough, N.J. NAI James E. Hanson’s Sigmund Schorr and Joseph Vindigni represented both the buyer, Manjit Bajwa, and the seller, Leonard Properties, LLC, in the transaction.
Located within walking distance to Chester’s historic downtown district, 51 Grove Street is a 7,000-square-foot, well-maintained professional office building featuring two floors of inviting office suites with non-weight bearing walls making for easy office space reconfiguration. Additionally, the property has ample on-site parking and proximity to Route 206 and Interstates 78 and 287 as well as access to New Jersey Transit’s Gladstone Line.
The previous owner sought to capitalize on the property’s adaptability and premier location within Chester Borough through a sale. NAI James E. Hanson’s leveraged its experience in the Morris County office market and data-driven marketing strategy to secure a reputable buyer for the space who intends to use the building as an investment property.
“Sales such as this emphasize the continued demand for professional office space in strong markets like Morris County despite the negativity surrounding the overall office market,” said Schorr. “We continue to see investors targeting buildings just like 51 Grove Street that offer easy access to the labor force and superior flexibility for a wide range of uses.”