NAI Hanson Announces Three Transactions in New Jersey

On Aug 20, 2015

NAI James E. Hanson, a New Jersey-based commercial real estate firm, announces it has brokered three separate transactions totaling 141,564 square feet of space in New Jersey. The largest of which was the sale/leaseback of a 119,264-square-foot industrial building located at 1595 MacArthur Boulevard, Mahwah, to Cabot Properties. NAI James E. Hanson’s Kenneth D. Lundberg, SIOR, Steve Pastor and Patrick Lennon represented the seller, 1595 MacArthur Blvd., LLC in the transaction and negotiated a long-term lease deal to allow Dimensional Communications (“DCI”) to remain in the state-of-the-art facility which currently houses all of its operations.

The building features 100,264-square-feet of warehouse and production space as well as 19,000-square-feet of newly renovated office space. The state-of-the-art facility boasts 25-foot ceilings and a number of advanced systems designed to accommodate DCI’s operations. Situated on a 9.95 acre lot and the property offers 163 free surface parking spaces.

NAI Hanson also announced the sale of Hunterdon Auto located at 1130 Route 22 West in Lebanon. NAI Hanson’s Senior Vice President, Josh Levering, SIOR and Vice President, Sigmund Schorr, represented the seller, Lacamera Realty, in the transaction of the 18,500 state-of-the-art auto center to Calvert Family Holdings. The buyer plans to use the site for the sale, lease and service of previously owned vehicles.

Situated on six acres with parking available to accommodate over 300 vehicles, this very modern facility offers excellent location, access and signage visibility. The full service auto dealership and showroom  includes 7-bay service areas and car wash, a modern service and parts department and cleaning station, a spacious showroom with a coffee station and waiting area.

NAI Hanson brokered the sale of a 3,800-square-foot neighborhood retail center located at 1108-1116 Ringwood Avenue in Haskell. NAI James E. Hanson’s Associate Vice President, Darren Lizzack, and Senior Sales Associate, Randy Horning, represented the seller, Abeth Reality Company Inc., in the transaction. Defino & Co. Realtors represented the buyer. The property offers ample onsite parking.

 

Related Articles: