NAI Hanson’s Somple and Schilp Broker Sale of Two Properties in Westwood, N.J.
Westwood, N.J. (November 22, 2016) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has brokered the sale of two properties on the same day in Westwood, New Jersey at 57 Jefferson Avenue and 40 Carver Avenue. NAI Hanson’s John Schilp and Andrew Somple represented both the buyers and sellers in both transactions.
40 Carver Avenue is a 16,400-square-foot industrial building located in the Westwood Industrial Park. The building features 22’ ceilings and two loading docks. 40 Carver LLC, sold the building to DR Music, Inc. a leading manufacturer of high-quality, hand-made guitar strings boasting decades of experience and an international sales footprint. With a location less than an hour from New York City and easy access to the Garden State Parkway, this new production and distribution facility will allow DR Music to move from its current leased space in the adjacent community of Emerson, N.J. to a new owned space to allowing the company to more easily run and expand its business.
“With the opening of Hackensack UMC at Pascack Valley in Westwood two years ago, we have seen the Westwood market increase in activity” said Somple.
57 Jefferson Avenue, a 2,700-square-foot mixed use building in foreclosure, is located in the Westwood Central Business District. A leading NJ banking institution sold the building to an investor. The building is located within a five-minute walk of the Westwood Train Station on NJ Transit’s Pascack Valley line offering direct service into Hoboken and transfer service into NYC. The central location and accessibility of the building will allow the firm to reach more clients and achieve greater visibility among local customers.
“These two deals speak to the viability of the local business climate in Westwood and, in a broader sense, Bergen County,” said Schilp. “The Bergen County industrial market continues to hold strong as well-located, well maintained properties continue to be in demand. Smaller office spaces in towns with access to mass-transit also spark interest from buyers since it provides a way for local companies to have direct access to their customers and increase service capabilities.”
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