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

As we have seen in previous economic downturns there clearly will be winners and losers in the post-COVID-19 economy. The short-term effects of government-imposed restrictions has pushed the pause button on almost all development projects, with a few “essential” exceptions. Additionally, deal flow is also in limbo because transactions, as contemplated, do not reflect the new realities we face. Longer term, the effects will vary based on asset class. Some asset classes are pri

NAI James E. Hanson 130 AC Moore, Berlin, NJ 750,000 s/f The property was purchased Columbia Property Investors fromm AC Moore and was then leased to The Michaels Companies who will use the property to service their regional stores as well as their east coast ecommerce business. READ MORE #NAIJamesEHanson

EAST RUTHERFORD, NJ — NAI James E. Hanson has negotiated a full building lease for 53,361 s/f of industrial space at 343 Murray Hill Parkway in East Rutherford. NAI James E. Hanson’s Kenneth Lundberg, SIOR, Patrick Lennon, Lorenzo Lambiase and Steve Pastor represented the landlord, 343 Murray Hill Parkway, Inc., in the transaction and Steve Elman of Cushman & Wakefield represented the tenant, Axis Global. Axis Global Logistics provides clients across a broad array of industr

The Northern New Jersey office sector saw strong leasing, investment and development activity in 2019. Much of the sector’s leasing velocity was driven by corporations seeking to update their office facilities to enhance their recruitment and retainment of employees. The ‘flight to quality' and ‘right-sizing’ saw us announcing new lease commitments, both large and small, throughout the year. Although users included a wide range of businesses, the bulk came from our traditiona

GLEN ROCK, NJ —NAI James E. Hanson, one of the largest New Jersey-based full-service independent commercial real estate firms, announced it has negotiated a lease for 2,300 s/f of office/retail space at 201 Rock Rd. in Glen Rock. NAI Hanson’s Randy Horning, MSRE, and Darren Lizzack, MSRE, represented the landlord, 201 Glen Rock Road, LLC, and Masserano Real Estate and Consulting, LLC’s Joe Lobardi and John Masserano represented the tenant, Glen Rock Pediatric Dentistry, LLC,

EDISON, NJ — Bridge Development Partners, LLC announced acquisition of a 7.47-acre property in Edison, where it plans to develop a 124,560 s/f industrial facility, Bridge Point Edison. The class A facility, located at 150 Whitman Ave. in Edison, will feature 36-foot clear ceiling heights, 23 exterior docks, five trailer positions, parking for up to 62 cars, and one drive-in door. The development plan also includes two designated office spaces within the facility, each tota

CLIFTON, NJ — NAI James E. Hanson has negotiated the sale of a 121,000 s/f industrial building at 50 Somerset Pl. in Clifton. NAI James E. Hanson’s Scott Perkins, SIOR, Andrew Somple, SIOR, Christopher Todd, and Justin Allessio, represented the buyer, Shawnee Transportation in the transaction with the seller, JRAM Investment Co. Shawnee Transportation is a transportation and logistics company that has worked with businesses across the United States for almost 30 years. With

NEWARK & SOUTH HACKENSACK, NJ — Greg Sholom & Ron Sholom, along with David Cantor leased +/- 42,500 s/f at 170 Passaic St. a.k.a. 158 – 262 Passaic St. in Newark to Henkels & McCoy, an engineering and construction contractor that designs, builds and maintains infrastructure for the utility and telecommunications market. “H&M wanted a facility with a large yard, centrally located to a number of ongoing projects,” said Greg Sholom, “And this fit the bill perfectly.” Team Resour

PARSIPPANY, NJ — Commercial Realty Group (CRG) has once brought back to life another property known now as 111 Littleton Road in Parsippany. Originally built in 1976, CRG purchased the soon to be vacant and outdated class B property in timeworn condition, some forty-years later in 2016. They have since transformed (the 3-story, 36,000 s/f) 111 Littleton from an antiquated class B building into a class A office site, following a two-year $3 million redevelopment, under the wa

EL CAMPO, TX — NAI James E. Hanson (NAI Hanson), and NAI Partners, a Houston member of the NAI Global network announced that they held the official ground-breaking ceremony on June 19th for the SW International Gateway Business Park, a 540-acre rail-served industrial development project in El Campo at the intersection of U.S. 59/I-69 and CR 211. Both firms are the marketing agents for the site which is a spec/build-to-suit industrial park. With development spearheaded by Rid

Mahwah, NJ — NAI James E. Hanson has brokered a lease with Snow Joe DC, LLC, for Sitex Group’s new 271,176 s/f industrial building at 100 Performance Dr. in the Stateline Business Park in Mahwah. NAI Hanson’s Kenneth Lundberg, SIOR, and Patrick Lennon represented the landlord, Sitex Group and Brian Scheuer of Chaus Realty represented the tenant.The signing of the long-term lease with Snow Joe marks the culmination of a successful multi-pronged marketing effort by NAI James E.

Hackensack, NJ — NAI James E. Hanson has added 669,930 s/f of industrial and mixed-use space, owned by Tulfra Real Estate to its property management division, NAI Hanson Management. The 11 building NJ-based portfolio ranges in size from 12,200 to 151,000 s/f. NAI Hanson Management has experienced strong growth in the past decade, expanding from a team of only two employees to a dedicated group of 15, managing over 6.5 million s/f of industrial, office and retail space in seve

Carlstadt, NJ — NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has brokered the sale of a newly constructed 53,152 s/f industrial building in Carlstadt, to Loftex Logistics, LLC, a Chinese textile company. Loftex Logistics, LLC will use the property as its first fulfillment and distribution center in the United States. NAI Hanson’s Tom Vetter, SIOR and Jeff DeMagistris, SIOR represented the seller, Sitex Grou

Hackensack, NJ — NAI James E. Hanson, a leading New Jersey-based full-service, independent commercial real estate firm, announced its team of Anthony Cassano, vice president and Pablo Castro, sales associate, have brokered the sale of two properties in Hackensack, New Jersey totaling 8,800 s/f. Castro and Cassano represented Gerald Salerno and Richard Weiner in the sale of a 4,800 s/f office building, located at 263 Main St. in Hackensack, NJ to Action Construction, LLC. Ac

River Edge, NJ — NAI James E. Hanson announced it has brokered a long-term lease deal for Regency Memory Care Club, an affiliate of First Healthcare Management Company at 91 Route 4 East in River Edge, N.J. NAI Hanson’s Anthony Cassano and Pablo Castro negotiated the 7,500 s/f lease deal and consulted on site selection on behalf of Regency Memory Care Club. Philsa Corporation owns the building. The retail location provides the space and flexibility that Regency Memory Care

Piscataway, NJ — NAI James E. Hanson, a New Jersey-based commercial real estate firm has arranged the sale of a 59,572 s/f industrial building in Piscataway, to Ring Power Corporation. NAI Hanson’s Barry Mayer and Arthur Hixson, in conjunction with Corbin Bengston of Mohr Partners represented the buyer and found the building for the entertainment support company allowing for the company’s relocation from Kenilworth, NJ. Ring Power Corporation provides turnkey temporary power

Hackensack, NJ — NAI James E. Hanson is celebrating its 60th anniversary since the inception of James E. Hanson & Company in 1955 by the late James E. Hanson. NAI Hanson hosted a cocktail party on October 21, 2015, at the Pleasantdale Chateau in West Orange to commemorate the milestone. More than 250 people attended the event where employees, business partners, colleagues and clients gathered to celebrate the organization’s past, present and future. “We have completed over 1

Newark, NJ — NAI James E. Hanson announced it has arranged the lease of a 2.9-acre paved parking lot located at 575 Ave. P in Newark that is zoned for I-3 Heavy Industrial use and just .3 miles from the ports. Port Logistics Group agreed to the lease terms of Federal Business Centers, the property owner. NAI Hanson’s Barry Cohorsky, SIOR and James Kenah arranged the lease agreement on behalf of the land owner. “As the nation’s leading gateway logistics provider, Port Logistic

Chester, NJ — NAI James E. Hanson, a New Jersey-based commercial real estate firm announced it has brokered the sale of a 25,600 s/f office building located at 360 Rt. 24 in Chester. Young Bakerin Realty acquired the property and will relocate from its existing office in Flanders. NAI James E. Hanson sales associate, Joseph Vindigni, represented the seller, 360 Rt. 24 Chester, LLC and the buyer in the transaction. The three story building is situated on more than 7 acres of

PARAMUS, NJ — NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, announced it has arranged the sale of 144 and 148 Rte. 4 East located in Paramus. Totaling 7,700 s/f and sitting on a 34,023 s/f lot contiguous to Bergen Town Center, the properties are both highly visible retail locations. Dominic Fittizzi, associate vice president of NAI Hanson represented the seller, Meyn Trust and the buyer, Urban Edge Properties in the sale. The buyer plans to use