Phillipsburg, N.J. (December 18, 2019) –NAI James E. Hanson announces it has negotiated the sale of an 8,500-square-foot vacant elementary school building at 1 Fairview Avenue in Phillipsburg, N.J. NAI James E. Hanson’s Joseph Vindigni represented the buyer, Michael Tzezairlidis, in the transaction with the Phillipsburg Board of Education.
Situated on 1.08 acres just off of Route 22 in the heart of Phillipsburg, 1 Fairview Avenue was the previous home of Howell Elementary School. Originally constructed in 1928 and vacant since 2017, the Phillipsburg Board of Education placed the two-story building on the market with the goal of securing a buyer who could breathe a second life into the space.
Vindigni recognized that the unique flexibility and ideal location provided by 1 Fairview Avenue would be a perfect fit for his client who was hoping to relocate their successful contract embroidery and screen-printing company from Roselle Park, N.J. In addition to providing a home for his business on the lower level, new owner Michael Tzezairlidis aims to renovate the main level to provide leasable office space geared towards the arts community and create an economic hub from the once vacant space.
“With deep relationships in the northern New Jersey market and a history extending back over 50 years, our team is uniquely qualified to work on deals like this one,” said Vindigni. “As a New Jersey-based business ourselves, we also possess an unmatched understanding of the needs of local businesses that we leverage to help our clients find the right spaces at fair market value in a variety of locations.”