NAI Hanson Arranges Sale of Two Retail Buildings Located On Route 4 East in Paramus, New Jersey
Two Highly Visible Retail Properties Sell for $2.75M
NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, today announced it has arranged the sale of 144 and 148 Route 4 East located in Paramus, New Jersey. Totaling 7,700 square feet and sitting on a 34,023 square-foot 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 the building as a short-term investment.
Both buildings are currently fully leased- Cleopatra Tile & Bath occupies the 3,175 square-foot building located at 144 Route 4 East, while Paramus Furniture and Dinettes occupies the 4,526 square-foot building located at 148 Route 4 East. Situated in an area that offers an affluent base of customers, the property is also located near Route 17, Route 208 and the Garden State Parkway.
Dominic Fittizzi said, “The properties offered a unique opportunity for investors. Both retail buildings are highly visible and located in one of the busiest retail corridors in New Jersey with easy access to the main highways in the area.”
About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with 375 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.