NAI Hanson Sells 5,870 Sq. Ft Office Space in Medical Arts Plaza of Parsippany
Firm Hired as Selling Agent on 5,870 Sq. Ft. Medical Arts Property in Parsippany, N.J.
PARSIPPANY, N.J. (January 6, 2014) – NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, today announced it has completed the sale of a 5,870 sq. ft. office space in the Medical Arts Plaza of Parsippany located at 2839 Route 10, Parsippany NJ for $1,100,000.
Scott K. Perkins, SIOR, Managing Director of Corporate Services at NAI Hanson and Gregory M. James, Director of Capital Markets at NAI Hanson oversaw the assignment on half of the seller, Medical Arts Plaza of Parsippany, LLC. The buyer, MCBS Realty, LLC bought the property in conjunction with a 1031 exchange. The building was substantially leased with tenants that had been in the building for years. Located along Route 10, the building is accessible from Routes 80 and 287 and sits within a major office-building corridor of Parsippany.
Scott Perkins said, “The Medical Arts Plaza provides a unique opportunity for investors and user/buyers alike. The deal exemplifies a key market trend of the demand for medical office buildings as investments. We identified this property as a prime investment opportunity for MCBS Realty, LLC.”
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.
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