NAI Hanson’s Cassano Completes Sale of Industrial/Flex Property in Hackensack, N.J.
Hackensack, N.J. (March 6, 2018) – NAI James E. Hanson announces the sale of a 2,800-square-foot freestanding industrial/flex building and 0.28 acres of land located at 62 Voorhis Lane in Hackensack, N.J. NAI Hanson’s Vice President, Anthony Cassano, represented both the seller, Voorhis Associates, and the buyer, T&M Realty Associates, in this transaction.
The buyer, T&M Realty Associates, will utilize the property to relocate their Greenland Landscaping business to Hackensack from Wayne. 62 Voorhis Lane is a 2,800 square-foot freestanding industrial/flex building, with 1,600 square feet of warehouse space and 1,200 square feet of office space. Additionally, the property features ample outdoor yard space, suitable for the storage of trucks and equipment. Its strategic location offers convenient access to both current and future customers via Routes 4, 17 and 46, The Garden State Parkway and Interstates 80 and 95.
“The buyer leapt at the opportunity to purchase a larger, more conveniently located property with significantly easier access points to several major highways,” said Cassano. “Continually decreasing vacancy rates along with sustained strong demand has made finding suitable commercial real estate space in Bergen County difficult and requires an experienced commercial real estate broker to help navigate the competitive landscape. We were able to leverage our decades of experience and knowledge of our home market of Hackensack, New Jersey to negotiate a sale of the property that was mutually agreeable to both parties.”
NAI James E. Hanson’s industrial team recently published their Q4 2017 Northern and Central New Jersey Industrial report, which highlights market trends and key data for industrial space throughout the region. To stay connected with NAI James E. Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook (www.facebook.com/NAIHanson), Twitter (@NAI_Hanson), and LinkedIn (www.linkedin.com/company/nai-james-e-hanson).