The Most Comprehensive Source for Commercial Real Estate News in the Region 

Although we are still waiting for the full impacts of the COVID-19 outbreak to become apparent, it is obvious that it will have far-reaching implications for our industry. Quarantines and social distancing have already caused much pain to the hospitality and retail sectors and the lasting effects will linger long after COVID-19 subsides. On the flip side, the short-term impacts to the industrial sector have been less dire but changes to supply chains and consumer habits broug

Sparta, NJ — NAI James E. Hanson has negotiated the sale of two industrial development sites at 2 and 4 Aaron Way in the White Lake Commerce Park in Sparta. NAI Hanson’s John Schilp represented the seller, Berardi Developers, in the NAI James E. Hanson transaction. Occupying 31.54 acres along the NYS&W freight rail line just off of Rte. 15, the White Lake Commerce Park is made up of 12 subdivided fully improved lots in the heart of Sussex County. Situated 12 miles from I-80

LEBANON TWP., NJ — NAI James E. Hanson has arranged the sale of 244 acres of land along Mt. Lebanon Rd. in Lebanon Township. NAI James E. Hanson’s John Schilp and Sigmund Schorr represented the buyers, New Jersey Conservation Foundation, New Jersey Green Acres Program, Lebanon Township, Hunterdon Land Trust, The Nature Conservancy, Victoria Foundation, 1772 Foundation, Leavens Foundation and the New Jersey Water Supply Authority, and the seller, Earl Pelio, in the transaction

ROXBURY TWP., NJ — NAI James E. Hanson has arranged the sale of two parcels of land totaling 48 acres that have been approved for a zip line adventure park located at Mount Arlington Rd. and 1233 Rte. 46 in the Ledgewood section of Roxbury Twp. NAI James E. Hanson’s John Schilp represented the seller, Darl Enterprises, LLC, in the sale to Flagstaff Extreme, LLC. Flagstaff Extreme is an extreme adventure course located in Flagstaff, AZ. The Arizona based buyer has similar p

ENGLEWOOD, NJ — NAI James E. Hanson, a New Jersey-based full-service independent commercial real estate firm, has arranged the sale of a 3,321 s/f retail building located at 491 Grand Ave. in Englewood. NAI Hanson’s Pablo Castro represented the seller, 491 Grand Ave. LLC, in the sale to NWR Realty Corp. Currently unoccupied, the two-story building features two retail storefronts on the main level with the potential to be opened into one large space and a two-bedroom apartmen

PERTH AMBOY NJ — The New Jersey office of Duke Realty has leased ePort 1000, its 354,250 s/f warehouse at 1000 High St. in Perth Amboy to 4PX Express USA, a 3PL focused on ecommerce fulfillment and logistics solutions. Duke Realty acquired ePort 1000 in November 2017 as part of a 3.1 million s/f New Jersey industrial portfolio purchase that includes six completed buildings and two development sites located along the I-95 corridor. “4PX Express had been looking for a larger fa

EDISON, NJ — Bussel Realty Corp. (BRC), a corporate and industrial real estate services firm in New Jersey, announced Metrofuser LLC has leased 25,134 s/f at 475 Division St. in Elizabeth, a 175,000 s/f industrial property. Herb Zimmerman, senior vice president, and Jeff Goldfinger, vice president, of BRC represented Metrofuser LLC in the transaction. NAI/Hanson represented the landlord. “Our client, Metrofuser, needed to be near the ports and New York City, and finding its n

Parsippany, NJ — NAI James E. Hanson, a New Jersey-based full-service independent commercial real estate firm, announced it has brokered the sale of a 30,459 s/f office building located at 140 Littleton Rd. in Parsippany. NAI Hanson’s Josh Levering, SIOR and Andrew Kirshenbaum represented the seller, Gisella Haidar, in the transaction. The building was purchased by Choice Properties. The three-story office building is located in one of New Jersey’s best office markets and is

Paterson, NJ — NAI James E. Hanson, a New Jersey-based commercial real estate firm, announced it has arranged the sale of a 220,000 s/f industrial building located at 833 River St. in Paterson from Medallion Industries, Inc. and River Associates, Inc. Steven Kartzman, Esq., who acted as the Trustee to a private regional investor., represented the seller. The transaction was negotiated by Kenneth Lundberg, SIOR, Louis Tapia and Patrick Lennon of NAI James E. Hanson.833 River S

Lebanon Township, NJ — NAI Hanson, a leading New Jersey-based commercial real estate firm, today announced the successful leasing of 8,000 s/f at 405 Trimmer Rd. in Lebanon Township, to outpatient rehabilitation provider GenPsych. NAI James E. Hanson sales associate Joe Vindigni represented the tenant, GenPsych, and the landlord, Scenic Pastures LLC in the leasing transaction. GenPsych has signed a 30-month lease and will convert the building into a 13-bed treatment center

HACKENSACK, NJ — NAI James E. Hanson has leased out 7,500 s/f of specialized auto repair space at 184 River Street - the 55 Midtown Bridge Approach - on behalf of client Globe Tire Service. NAI Hanson vice president Anthony Cassano managed the transaction between Globe and its new tenant, Pro Auto - a full-service automotive repair center that needed a new space to support its continued growth. “Our client was offering a state-of-the art automotive space, which was ideal for

RAMSEY, NJ — NAI Hanson, a leading New Jersey-based commercial real estate firm, announced that it has facilitated the lease of 44,560 s/f at 565 Crescent Ave. in Ramsey. Senior vice president Kenneth Lundberg, SIOR and NAI Hanson sales associate Patrick Lennon marketed the space and managed the transaction on behalf of the industrial property’s owner, West Essex Industrial Park LLC, and managed by the David Cronheim Company. Glebar was represented by Craig Engelhardt of Sav

MOONACHIE, NJ — NAI Hanson, a New Jersey-based commercial real estate firm, announced that AMK USA, an existing tenant in the building, has expanded and extended its lease to meet their customer’s needs. Located at 131 W. Commercial Ave. in Moonachie, NJ, this space sits minutes from Rtes. 17, 46 and 80 and offers easy access to I-95. The facility features ample office space, 21-foot ceilings, four loading docks, 36’ X 30’ column spacing and a wet sprinkler system. NAI Hanson

SOUTH HACKENSACK, NJ — NAI Hanson, a leading New Jersey-based commercial real estate firm, announced that it has facilitated the lease of 22,203 s/f at 60 Saddle River Ave. in South Hackensack. Vice presidents Jeff DeMagistris, SIOR and Tom Vetter, SIOR of NAI Hanson marketed the space and managed the transaction on behalf of the industrial property’s owner, Safer Development and Management, Inc. The new tenant, periodicals distributor Publishers Circulation Fulfillment, Inc.