NAI Hanson Completes 13,200-Square-Foot Lease Renewal
NAI HANSON COMPLETES 13,200-SQUARE-FOOT LEASE RENEWAL
- Long-Term Tenant Appreciates Morris County Location for its HVAC Equipment Business -
NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, today announced the completion of a 13,200-square-foot industrial lease renewal at 1 Apollo Drive in Whippany, N.J.
NAI Hanson Vice President Steven Leitner, CCIM, represented the tenant, Z&Z Supply, Inc., doing business as Johnstone Supply. Howard B. Weinberg, SIOR, a Senior Vice President and Principal with Cassidy Turley, represented the landlord, Keystone NJP III, LLC.
Z&Z will continue to use the site for the wholesale distribution of HVAC equipment. The 120,000-square-foot industrial building offers 14-to 22-foot ceilings, high loading and ample parking. Located in desirable Morris County, the site is minutes from Route 287 and in close proximity to major roadways in Northern New Jersey including Routes 10 and 46 and Interstates 80 and 280.
“Z&Z Supply is a long-standing client and I’m pleased to work with them again on this transaction and look forward to continuing the relationship,” Leitner said. “The firm selected this site 12 years ago because of the convenient location and the growing need for the Johnson product line in this area, and it’s gratifying to know that the property continues to meet its business requirements.”
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 over 350 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.
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